www.design-reuse-embedded.com
Find Top SoC Solutions
for AI, Automotive, IoT, Security, Audio & Video...

Synopsys Posts Financial Results for First Quarter Fiscal Year 2018

MOUNTAIN VIEW, Calif., Feb. 21, 2018 – Synopsys, Inc. (Nasdaq: SNPS) today reported results for its first quarter of fiscal year 2018.

For the first quarter of fiscal 2018, Synopsys reported revenue of $769.4 million, compared to $652.8 million for the first quarter of fiscal 2017, an increase of approximately 17.9 percent. Fiscal 2018 results include a favorable impact of one additional week compared to fiscal 2017, which occurred in our first fiscal quarter.

"We began fiscal 2018 on a strong note, exceeding expectations, raising full-year revenue and non-GAAP earnings per share guidance, and returning capital to shareholders with a $200M buyback initiated in fiscal Q1," said Aart de Geus, chairman and co-CEO. "Propelled by the evolving age of 'Smart Everything,' semiconductor and systems companies, along with software developers across many industries, are driving digitization and machine learning, which require more and more advanced chips, sophisticated hardware/software interaction and high levels of software security. As the Silicon to Software partner, our unique combination of leading technologies positions us well to participate in this dynamic wave of opportunity."

Click here to read more ...

 Back

Partner with us

List your Products

Suppliers, list and add your products for free.

More about D&R Privacy Policy

© 2024 Design And Reuse

All Rights Reserved.

No portion of this site may be copied, retransmitted, reposted, duplicated or otherwise used without the express written permission of Design And Reuse.