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%.

Synopsys Q1 2023 earnings infographic

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

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top