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Aug 01, 2020
Synopsys Q3 2020 Earnings Report
Synopsys reported record revenue, non-GAAP earnings per share, and operating cash flow in Q3 2020.
Key Takeaways
Synopsys reported Q3 2020 financial results with revenue of $964.1 million, GAAP earnings per share of $1.62, and non-GAAP earnings per share of $1.74. The company experienced double-digit revenue growth across all product groups and strength in all geographies. Due to the strong results, Synopsys is raising its 2020 revenue, operating margin, non-GAAP earnings-per-share, and operating cash flow targets.
Synopsys achieved record revenue in Q3 2020.
The company saw double-digit revenue growth across all product groups.
Strength was observed in all geographies.
Synopsys is raising its 2020 financial targets.
Forward Guidance
Synopsys provided its consolidated financial targets for the fourth quarter and full fiscal year 2020, assuming that the current U.S. government “Entity List” restrictions remain in place for the rest of the fiscal year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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