The big get bigger as they say. Siemens EDA (formerly Mentor Graphics) and Cadence are also putting up big numbers! After a 36+ year career in EDA and IP this pleases me to no end. Hopefully we can all celebrate in person at #58DAC in December!
- Synopsys (NASDAQ:SNPS) posts fiscal Q1 beats with revenue up 16% on the year to $970.32M and $1.52 EPS, six cents ahead of estimates.
- "The first quarter was a very good start to fiscal year 2021, with strength across all geographies and product groups. We delivered financial results at or above guidance targets, initiated a $250 million stock repurchase, and are reaffirming our outlook for the year," says CEO Aart de Geus.
- For Q2, the company expects revenue of $970M to $1B vs. the $979.9M consensus with EPS of $1.50-1.55 (consensus: $1.51).
- For the year, SNPS reiterates sales of $4-4.05B vs. the $4.03B estimate. EPS is expected between $6.23-6.30 (consensus: $6.29).
- Press release