News Release 

 
Synopsys posts financial results for second quarter fiscal year 2008

PRNewswire-FirstCall
MOUNTAIN VIEW, Calif.
(NASDAQ:SNPS)
May 21, 2008

MOUNTAIN VIEW, Calif., May 21 /PRNewswire-FirstCall/ -- Synopsys, Inc. (NASDAQ: SNPS), a world leader in software and IP for semiconductor design and manufacturing, today reported results for its second quarter ended April 30, 2008.

For the second quarter, Synopsys reported revenue of $324.6 million, a 10.8 percent increase compared to $292.9 million for the second quarter of fiscal 2007.

“Synopsys continues to deliver predictable revenue growth and solid earnings expansion,” said Aart de Geus, chairman and CEO of Synopsys. “We are seeing good momentum as our leading technology, comprehensive solutions and strong field support make us a long-term, reliable partner to our customers.”

GAAP Results
On a generally accepted accounting principles (GAAP) basis, net income for the second quarter of fiscal 2008 was $39.4 million, or $0.27 per share, compared to $41.3 million, or $0.28 per share, for the second quarter of fiscal 2007, which included a $12.5 million litigation settlement received from Magma Design Automation, recorded in other income, net.

Non-GAAP Results
On a non-GAAP basis, net income for the second quarter of fiscal 2008 was $59.7 million, or $0.41 per share, compared to non-GAAP net income of $53.2 million, or $0.35 per share, for the second 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

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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.