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Jan 31, 2021
Synopsys Q1 2021 Earnings Report
Synopsys' Q1 2021 financial results were posted, demonstrating growth across all geographies and product groups.
Key Takeaways
Synopsys reported a strong start to fiscal year 2021, with revenue reaching $970.3 million and non-GAAP EPS at $1.52. The company is reaffirming its outlook for the year, expecting continued growth and operating margin expansion.
Revenue for Q1 2021 was $970.3 million, compared to $834.4 million for Q1 2020.
GAAP earnings per share was $1.03, up from $0.67 in Q1 2020.
Non-GAAP earnings per share was $1.52, compared to $1.01 in Q1 2020.
Net income for the first quarter of fiscal 2021 was $162.3 million.
Synopsys
Synopsys
Synopsys Revenue by Segment
Forward Guidance
Synopsys provided financial targets for the second quarter and full fiscal year 2021, assuming no further changes to U.S. government "Entity List" restrictions.
Positive Outlook
- Q2 2021 Revenue target between $970 million and $1,000 million.
- Full year 2021 Revenue target between $4,000 million and $4,050 million.
- Q2 2021 Non-GAAP EPS target between $1.50 and $1.55.
- Full year 2021 Non-GAAP EPS target between $6.23 and $6.30.
- Full year 2021 Operating Cash Flow target between $1,200 million and $1,300 million.