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 provided financial targets for the second quarter and full fiscal year 2021, assuming no further changes to U.S. government "Entity List" restrictions.
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