Categories AlphaGraphs, Earnings, Technology
Infographic: Highlights of Synopsys (SNPS) Q2 2020 Earnings Report
Technology company Synopsys, Inc. (NASDAQ: SNPS) reported an increase in profit for the second quarter of 2020. Earnings also came in above the market’s prediction, driving the company’s stock higher on Wednesday evening.
Second-quarter earnings, excluding special items, rose to $1.22 per share from $1.16 per share last year and topped the Street view. Net income was $109.9 million or $0.71 per share, compared to $118.2 million or $0.77 per share in the second quarter of 2019.
Total revenues rose to $861.3 million from $836.2 million a year earlier and surpassed analysts’ forecast by a wide margin.
Shares of Synopsis closed Wednesday’s regular trading higher and continued to gain during the after-hours session, following the announcement.
Most Popular
COVID-19 drove retailers up the digital path years ahead than anticipated
Earlier we looked into how, during the COVID-19 pandemic, retailers saw changing trends in terms of their assortments and how the acceleration of online shopping led many of them to
Snowflake (SNOW) creates a record as the most successful software IPO ever; stock more than doubles
Data is at the heart of business innovation. Recognizing this trend, companies are seeking ways to transform their businesses by capturing, analyzing, and mobilizing data. The public cloud is becoming
Adobe (ADBE) sees new tailwinds as virtual shift gathers steam
The second half has been highly rewarding for design software maker Adobe Inc. (NASDAQ: ADBE) amid stable demand for digital content solutions. The company has remained unaffected by the virus-related