Categories AlphaGraphs, Earnings, Technology

SNPS Earnings: Synopsys Q4 profit more than doubles; revenue up 25%

Synopsys, Inc. (NASDAQ: SNPS), a leading electronic design automation company, has reported a double-digit increase in revenues for the fourth quarter of 2023 when its profit more than doubled.

Synopsys Q4 2023 earnings infographic

Total revenue increased 25% year-over-year to $1.60 billion in the October quarter. Net income more than doubled to $349.2 million or $2.26 per share during the three months. On an adjusted basis, earnings climbed to $3.17 per share in Q4 from $1.91 per share last year.

For the first quarter of 2024, the company expects revenue to be in the range of $1.63 billion to $1.66 billion. Full-year revenue is estimated to be between $6.57 billion and $6.63 billion.

Prior Performance

  • Synopsys Q1 2023 earnings infographic

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

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

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