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.
The industrial materials manufacturer reported flat fourth-quarter sales and a full-year organic growth rate of…
Overview Harley-Davidson, Inc. reported consolidated fourth-quarter 2025 results that point to continued pressure on profitability…
The Coca-Cola Company (NYSE: KO) reported its fourth quarter 2025 earnings results today. Net revenues…
The South Korean telecommunications provider reported a significant increase in annual profit for 2025, supported…
Hasbro, Inc. (NASDAQ: HAS) reported its fourth quarter 2025 earnings results today. Revenues increased 31%…
Spotify ended 2025 on a strong note, reporting steady revenue growth and a sharp jump…