Synopsys swings to Q4 profit on tax benefit

Synopsys Inc. (SNPS) swung to a profit in the fourth quarter from a loss last year, helped by a benefit for income taxes as well as an increase in orders from the semiconductor clients. The top line exceeded analysts’ expectations while the bottom line came in line with consensus estimates. The chip-design software maker will … Continue reading Synopsys swings to Q4 profit on tax benefit