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Feb 01, 2020
Synopsys Q1 2020 Earnings Report
Synopsys' first quarter of fiscal year 2020 financial results were posted, with revenue at $834.4 million and GAAP earnings per share at $0.67.
Key Takeaways
Synopsys reported a strong start to fiscal year 2020, with revenue of $834.4 million. The company delivered financial results at or above guidance targets and reaffirmed its outlook for the year.
Revenue for the first quarter was $834.4 million, compared to $820.4 million for the first quarter of fiscal 2019.
GAAP earnings per share were $0.67, compared to $1.01 per share for the first quarter of fiscal 2019.
Non-GAAP earnings per share were $1.01, compared to $1.08 per share for the first quarter of fiscal 2019.
The company reaffirmed its outlook for the year.
Synopsys
Synopsys
Forward Guidance
Synopsys provided its consolidated financial targets for the second quarter and full fiscal year 2020. These financial targets do not assume any revenue from companies currently on the U.S. government’s “Entity List.”