CIMdata PLM Industry Summary Online Archive
22 August 2012
Financial News
Synopsys Posts Financial Results for Third Quarter Fiscal Year 2012
Synopsys, Inc. has reported results for its third quarter of fiscal year 2012.
For the third quarter of fiscal year 2012, Synopsys reported revenue of $443.7 million, compared to $386.8 million for the third quarter of fiscal year 2011, an increase of 14.8 percent.
"Our business is strong, reflected in the excellent results we delivered in the third quarter," said Aart de Geus, chairman and co-CEO of Synopsys. "We see our customers continuing to drive design aggressively, even in the context of an uncertain economy. The electronic design automation and IP industries are increasing in importance, and Synopsys in particular is well-positioned to accelerate innovation due to its combination of financial strength, technology leadership, global support, and strategic vision."
GAAP Results
On a generally accepted accounting principles (GAAP) basis, net income for the third quarter of fiscal year 2012 was $75.7 million, or $0.50 per share, compared to $52.1 million, or $0.35 per share, for the third quarter of fiscal year 2011.
Non-GAAP Results
On a non-GAAP basis, net income for the third quarter of fiscal year 2012 was $82.3 million, or $0.55 per share, compared to non-GAAP net income of $68.1 million, or $0.46 per share, for the third quarter of fiscal year 2011.
Financial Targets
Synopsys also provided its financial targets for the fourth quarter and full fiscal year 2012. These targets do not include any impact from the pending acquisition of SpringSoft, or other future acquisition-related expenses that may be incurred in fiscal year 2012. These targets constitute forward-looking information and are based on current expectations. For a discussion of factors that could cause actual results to differ materially from these targets, see "Forward-Looking Statements" below.
Fourth Quarter of Fiscal Year 2012 Targets:
- Revenue: $440 million - $448 million
- GAAP expenses: $387 million - $403 million
- Non-GAAP expenses: $345 million - $355 million
- Other income and expense: ($2) million - $0 million
- Tax rate applied in non-GAAP net income calculations: approximately 24 percent
- Fully diluted outstanding shares: 150 million - 154 million
- GAAP earnings per share: $0.22 - $0.28
- Non-GAAP earnings per share: $0.46 - $0.48
- Revenue from backlog: greater than 90 percent
Full Fiscal Year 2012 Targets:
- Revenue: $1.742 billion - $1.750 billion
- Other income and expense: $1 million - $3 million
- Tax rate applied in non-GAAP net income calculations: approximately 24 percent
- Fully diluted outstanding shares: 148 million - 152 million
- GAAP earnings per share: $1.25- $1.31
- Non-GAAP earnings per share: $2.09 - $2.11
- Cash flow from operations: approximately $450 million
To view an unabridged version of this press release, visit: http://synopsys.mediaroom.com/index.php?s=43&item=1057
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