Synopsys, Inc. Provides Earnings Guidance for the Quarter Ending July 31, 2024 and Raises Earnings Guidance for the Fiscal Year Ending October 31, 2024
May 22, 2024 at 04:05 pm EDT
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Synopsys, Inc. provides earnings guidance for the quarter ending July 31, 2024 and raised earnings guidance for the Fiscal Year Ending October 31, 2024. For the quarter, the company expects revenue of $1,505 million - $1,535 million and GAAP EPS of $2.22 - $2.35.
The company is raising full year targets for revenue based on strong execution and continued business momentum. For the year, the company expects revenue of $6,090 million - $6,150 million and GAAP EPS of $9.14 - $9.36.
Synopsys Inc. specializes in the development and marketing of software programs aimed mainly at manufacturers of semi-conductors, computers and electronic equipment. Net sales break down by activity as follows:
- sale of software and hardware (82.4%): sale of software for the automation of integrated circuit design, pre-designed circuits for semiconductors, software and hardware for the validation of electronic systems, etc.;
- provision of services (17.6%): consulting, maintenance and technical assistance services in the areas of software security, quality and compliance.
Net sales are distributed geographically as follows: the United States (47.7%), China (15.2%), Korea (10.9%), Europe (10.2%) and other (16%).
Synopsys, Inc. Provides Earnings Guidance for the Quarter Ending July 31, 2024 and Raises Earnings Guidance for the Fiscal Year Ending October 31, 2024
SYNOPSYS INC. 
