Synopsys, Inc. (NASDAQ: SNPS): Q1 2020 Earnings Snapshot

– Synopsys, Inc. (NASDAQ: SNPS) reported adjusted earnings of $1.01 per share for the first quarter of 2020, vs. $0.92 per share expected.

– Total revenues increased to $834.4 million from $820.4 million in the first quarter of fiscal 2019, vs. $821.61 million expected

— First-quarter net income declined to $104.1 million or $0.67 per share from $153.5 million or $1.01 per share in the corresponding period of last year

— For the second quarter of 2020, Synopsys expects revenues to be in the range of $820 million to $850 million; and adjusted earnings per share between $0.96 and $1.01

— Looking for unadjusted earnings per share of $0.49-$0.62 for the April-quarter

— Expects full-year 2020 revenues to be in the range of $3.60 billion to $3.65 billion, in line with the initial projection

— Expects full-year adjusted earnings to be between $5.18 per share and $5.25 per share, which is unchanged from the previous outlook

— Unadjusted earnings are forecast to be between $3.68 per share and $3.87 per share in fiscal 2020

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