Synopsys up to $1.75B

Synopsys announced their results today. With Magma rolled in (but not yet SpringSoft since that hasn’t technically closed) they had revenue of $443M up 15% from $387M last year. This means that they are all but a $1.75B company and a large part of the entire EDA industry (which I think of as being $5B or so, depending on just what you do about services, IP, ARM in particular etc). GAAP earnings per share were $0.50 (non-GAAP was $0.55). GAAP (which stands for generally accepted accounting principles excludes various deductions especially in the way acquisitions are accounted and stock compensation is accounted).

For their fourth quarter they expect revenue to be flat versus this quarter at $440-448 million. So for fiscal 2012 (which ends in October) they expect revenue of $1.74 to $1.75B, with positive cash flow for the year of $450M. If Synopsys manage to grow another 15% next year (either through organic growth or through acquisition, and presumably SpringSoft is already in the bag) then they will be over $2B a year running roughly $500M/quarter, which I think is an amazing achievement given that Synopsys in 2000 was $784M, which it now takes just 5 months to do.

And, talking of acquisitions, it still has close to $1B in cash. The one area where Synopsys is weak is emulation so I wouldn’t be the least bit surprised to see them go after Eve.

Full press release including P&L, balance sheet etc is here.