Synopsys Posts Financial Results for Fourth Quarter and Fiscal Year 2015

Q4 2015 Financial Highlights

  • Revenue: $587.2 million
  • GAAP earnings per share: $0.31
  • Non-GAAP earnings per share: $0.67

FY 2015 Financial Highlights

  • Revenue: $2.242 billion
  • GAAP earnings per share: $1.43
  • Non-GAAP earnings per share: $2.77
  • Cash flow from operations: $495 million
  • Cash and short term investments: $964.9 million

MOUNTAIN VIEW, Calif., Dec. 2, 2015 / PRNewswire / - Synopsys, Inc. (Nasdaq: SNPS) today reported results for its fourth quarter and fiscal year 2015.

For the fourth quarter of fiscal 2015, Synopsys reported revenue of $587.2 million, compared to $539.0 million for the fourth quarter of fiscal 2014. Revenue for fiscal year 2015 was $2.242 billion, an increase of 9.0 percent from $2.057 billion in fiscal 2014.

"Synopsys reported an excellent fourth quarter and fiscal 2015 against a somewhat challenging semiconductor industry backdrop, providing a solid foundation as we enter 2016," said Aart de Geus, chairman and co-CEO of Synopsys. "Our game-changing design and verification products have made great strides and are yielding excellent results. Meanwhile, we continue to invest and grow in our new TAM of software quality and security, both organically and with several important acquisitions during the year."

GAAP Results
On a generally accepted accounting principles (GAAP) basis, net income for the fourth quarter of fiscal 2015 was $49.8 million, or $0.31per share, compared to $62.5 million, or $0.39 per share, for the fourth quarter of fiscal 2014. GAAP net income for fiscal year 2015 was$225.9 million, or $1.43 per share, compared to $259.1 million, or $1.64 per share, for fiscal 2014.

Non-GAAP Results
On a non-GAAP basis, net income for the fourth quarter of fiscal 2015 was $105.5 million, or $0.67 per share, compared to non-GAAP net income of $100.9 million, or $0.64 per share, for the fourth quarter of fiscal 2014. Non-GAAP net income for fiscal 2015 was $438.4 million, or $2.77 per share, compared to non-GAAP net income of $398.9 million, or $2.53 per share, for fiscal 2014. Reconciliation between GAAP and non-GAAP results is provided below.

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