Fri. Jan 24th, 2020

Synopsys Posts Financial Results for 4th-Quarter and Financial Year 2k19

9 min read

Synopsys, Inc. (Nasdaq: SNPS) recently reported results for its 4th-quarter and financial year 2k19. Revenue for the 4th-quarter was $851.10M, compared to $795.10M for the 4th-quarter of fiscal 2k18. Revenue for fiscal year 2k19 was $3.361B, an incline of 7.70 percent from $3.121B in financial year 2k18.

Q4 2k19 Fiscal Highlights

– Revenue: $851.10M

– GAAP earnings for each share: $1.040

– Non-GAAP earnings for each share: $1.150

FY 2k19 Fiscal Highlights

– Revenue: $3.361B

– GAAP earnings for each share: $3.450

– Non-GAAP earnings for each share: $4.560

– Cash flow from operations: $800.50M

– Cash and cash equivalents: $728.60M

GAAP Results

On a generally accepted accounting principles (GAAP) basis, net income for the 4th-quarter of fiscal 2k19 was $160.70M, or $1.040 for each share, compared to $254.30M, or $1.660 for each share, for the 4th-quarter of fiscal 2k18. GAAP net income for financial year 2k19 was $532.40M, or $3.450 for each share, compared to $432.50M, or $2.820 for each share, for financial year 2k18.

Non-GAAP Results

On a non-GAAP basis, net income for the 4th-quarter of fiscal 2k19 was $177.10M, or $1.150 for each share, compared to non-GAAP net income of $119.60M, or $0.780 for each share, for the 4th-quarter of fiscal 2k18. Non-GAAP net income for financial year 2k19 was $702.50M, or $4.560 for each share, compared to non-GAAP net income of $599.70M, or $3.910 for each share, for financial year 2k18.

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