Technology company Synopsys, Inc. (NASDAQ: SNPS) reported a modest increase in adjusted profit for the second quarter of 2023 when its revenues increased by 9%.
Second-quarter earnings, excluding special items, rose to $2.54 per share from $2.50 per share in the year-ago period. Net income was $272.9 million or $1.76 per share, compared to $294.8 million or $1.89 per share in the second quarter of 2022.
Total revenues rose 9% to $1.40 billion from $1.28 billion a year earlier. The company also provided financial guidance for the third quarter and fiscal 2023.
“Our financial performance is the product of a relentless drive for technology innovation and years of building trust in our customer base. Our industry-leading AI-driven design platform, Synopsys.ai, unleashes our next wave of impact as our customers drive a groundswell of ‘smart, secure, and safe’ new products,” said the company’s CEO Aart de Geus.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion
