News Release 

 
Synopsys Posts Financial Results for Fourth Quarter and Fiscal Year 2012
Q4 2012 Financial Highlights
- Revenue: $454.2 million
- GAAP earnings per share: $0.19
- Non-GAAP earnings per share: $0.47
FY 2012 Financial Highlights
- Revenue: $1.756 billion
- GAAP earnings per share: $1.21
- Non-GAAP earnings per share: $2.10
- Cash flow from operations: $486.1 million
- Ending cash balance: $700.4 million

MOUNTAIN VIEW, Calif., Dec. 5, 2012 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS), a global leader providing software, IP and services used to accelerate innovation in chips and electronic systems, today reported results for its fourth quarter and fiscal year 2012.

For the fourth quarter of fiscal 2012, Synopsys reported revenue of $454.2 million, compared to $390.5 million for the fourth quarter of fiscal 2011. Revenue for fiscal year 2012 was $1.756 billion, an increase of 14.3 percent from $1.536 billion in fiscal 2011.

"Synopsys delivered very strong fiscal 2012 results with double-digit revenue and non-GAAP earnings per share growth. Simultaneously we also completed a significant number of important acquisitions during the year," said Aart de Geus, chairman and co-CEO of Synopsys. "Electronic design automation solutions are more critical than ever, as semiconductor companies face significant technical challenges while racing to design highly complex chips and systems. Synopsys is particularly well-positioned heading into 2013, based on our technology leadership, significant customer demand, and our predictable business model."

GAAP Results
On a generally accepted accounting principles (GAAP) basis, net income for the fourth quarter of fiscal 2012 was $29.1 million, or $0.19 per share, compared to $39.9 million, or $0.27 per share, for the fourth quarter of fiscal 2011. GAAP net income for fiscal year 2012 was $182.4 million, or $1.21 per share, compared to $221.4 million, or $1.47 per share, for fiscal 2011. Net income for fiscal 2012 included $43.6 million of acquisition-related costs, plus higher amortization of intangibles than in the previous year primarily due to acquisitions. Due to our fiscal calendar, the first quarter of fiscal year 2012 included an extra week.

Non-GAAP Results
On a non-GAAP basis, net income for the fourth quarter of fiscal 2012 was $72.4 million, or $0.47 per share, compared to non-GAAP net income of $65.3 million, or $0.45 per share, for the fourth quarter of fiscal 2011. Non-GAAP net income for fiscal 2012 was $315.5 million, or $2.10 per share, compared to non-GAAP net income of $270.3 million, or $1.80 per share, for fiscal 2011. Reconciliation between GAAP and non-GAAP results is provided at the end of this press release. Due to our fiscal calendar, the first quarter of fiscal year 2012 included an extra week.

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.