Synopsys, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2024
May 22, 2024 at 04:05 pm EDT
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Synopsys, Inc. reported earnings results for the second quarter and six months ended April 30, 2024. For the second quarter, the company reported revenue was USD 1,454.71 million compared to USD 1,262.74 million a year ago. Net income was USD 292.11 million compared to USD 272.91 million a year ago. Basic earnings per share from continuing operations was USD 1.96 compared to USD 1.81 a year ago. Diluted earnings per share from continuing operations was USD 1.92 compared to USD 1.78 a year ago. Basic earnings per share was USD 1.91 compared to USD 1.79 a year ago. Diluted earnings per share was USD 1.88 compared to USD 1.76 a year ago.
For the six months, revenue was USD 2,965.7 million compared to USD 2,496.24 million a year ago. Net income was USD 741.22 million compared to USD 544.45 million a year ago. Basic earnings per share from continuing operations was USD 4.83 compared to USD 3.58 a year ago. Diluted earnings per share from continuing operations was USD 4.73 compared to USD 3.52 a year ago. Basic earnings per share was USD 4.86 compared to USD 3.57 a year ago. Diluted earnings per share was USD 4.76 compared to USD 3.51 a year ago.
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. 
