Synopsys Q1 2020 Earnings Report
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.”