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

Key takeaways from JM Smucker’s (SJM) Q2 2024 earnings report

Shares of the J.M. Smucker Co. (NYSE: SJM) were up over 4% on Tuesday after the company reported its earnings results for the second quarter of 2024. Profits beat expectations

Nio reports Q3 2023 results. Here’s all you need to know

Electric car maker NIO Inc. (NYSE: NIO) reported a net loss for the third quarter of 2023, despite a sharp increase in revenues. The China-based company also provided its guidance

Ocean Biomedical’s breast cancer research uncovers new tumor suppression pathway for its proprietary antibody

Biopharma company Ocean Biomedical, Inc. (NASDAQ: OCEA) on Tuesday said that new findings, co-authored by the company’s scientific co-founder Jack A. Elias in the peer-reviewed journal Immunity, have revealed the

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