News Release 

 
Synopsys posts financial results for first quarter fiscal year 2008

PRNewswire-FirstCall
MOUNTAIN VIEW, Calif.
(NASDAQ:SNPS)
Feb 20, 2008

MOUNTAIN VIEW, Calif., Feb. 20 /PRNewswire-FirstCall/ -- Synopsys, Inc. (NASDAQ: SNPS), a world leader in software and IP for semiconductor design and manufacturing, today reported results for its first quarter ended January 31, 2008.

For the first quarter, Synopsys reported revenue of $315.5 million, a 5.1 percent increase compared to $300.2 million for the first quarter of fiscal 2007.

“We exit the first quarter with our year solidly on track in terms of revenue and earnings growth, operating margin expansion, an excellent balance sheet, and advanced technology,”said Aart de Geus, chairman and CEO of Synopsys.“And with more than 90 percent of our revenue under time-based licenses, we adhered strongly to our predictable business model.”

GAAP Results
On a generally accepted accounting principles (GAAP) basis, net income for the first quarter of fiscal 2008 was $46.4 million, or $0.31 per share, compared to $23.4 million, or $0.16 per share, for the first quarter of fiscal 2007.

Non-GAAP Results
On a non-GAAP basis, net income for the first quarter of fiscal 2008 was $66.0 million, or $0.44 per share, compared to non-GAAP net income of $44.0 million, or $0.30 per share, for the first quarter of fiscal 2007.

Editorial Contacts
Gayane Markosyan
Synopsys Armenia CJSC
41 Arshakunyats Avenue
ViaSphere Technopark, Bldg. #1
Republic of Armenia, 0026 Yerevan
T: (37410) 49 2356
F: (37410) 49 2696
E: gayanem@synopsys.com

###
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.



NewsBlogsWebinarsEventsNewsletters