MOUNTAIN VIEW, Calif.
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.”
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.
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.
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.