MOUNTAIN VIEW, Calif.
Feb 17, 2010
MOUNTAIN VIEW, Calif., Feb. 17 /PRNewswire-FirstCall/ -- Synopsys, Inc. (NASDAQ: SNPS), a world leader in software and IP for semiconductor design, verification and manufacturing, today reported results for its first quarter of fiscal year 2010. For the first quarter of fiscal 2010, Synopsys reported revenue of $330.2 million compared to $339.8 million for the first quarter of fiscal 2009.
“Synopsys started the year with solid momentum,” said Aart de Geus, chairman and CEO of Synopsys. “We met or exceeded our financial targets, and made a number of strategic moves that we believe will increase our total available market substantially in the long term.”
On a generally accepted accounting principles (GAAP) basis, net income for the first quarter of fiscal 2010 was $132.8 million, or $0.88 per share, compared to $52.4 million, or $0.37 per share, for the first quarter of fiscal 2009. Net income for the first quarter of fiscal 2010 includes a one-time $91.6 million, or $0.61 per share, tax benefit associated with the IRS settlement for fiscal years 2002-2004, announced on January 12, 2010.
On a non-GAAP basis, net income for the first quarter of fiscal 2010 was $62.4 million, or $0.41 per share, compared to non-GAAP net income of $71.6 million, or $0.50 per share, for the first quarter of fiscal 2009.
Synopsys Armenia CJSC
41 Arshakunyats Avenue
ViaSphere Technopark, Bldg. #1
Republic of Armenia, 0026 Yerevan
T: (37410) 49 2356
F: (37410) 49 2696
Synopsys is a registered trademark of Synopsys, Inc. Any other trademarks or registered trademarks mentioned in this release are the intellectual property of their respective owners.