Categories AlphaGraphs, Earnings, Technology
Infographic: Highlights of Synopsys’ (SNPS) Q1 2023 Earnings Report
Technology company Synopsys, Inc. (NASDAQ: SNPS) reported an increase in adjusted profit for the first quarter of 2023 when revenues increased by 7%.
First-quarter earnings, excluding special items, rose to $2.62 per share from $2.40 per share in the year-ago period. Net income was $271.5 million or $1.75 per share, compared to $313.7 million or $1.99 per share in the first quarter of 2022.
Total revenues rose 7% to $1.36 billion from $1.27 billion a year earlier. The company also provided financial guidance for the second quarter and fiscal 2023.
“Synopsys delivered a solid start to the year. Building on our strength and momentum from 2022, we met or exceeded all of our guidance targets, and based on the continued robust design activity, we remain confident in our business,” said the company’s CEO Aart de Geus.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
