Synopsys, Inc. reported results for its first quarter of fiscal year 2015.
For the first quarter of fiscal year 2015, Synopsys reported revenue of $542.0 million, compared to $479.0 million for the first quarter of fiscal 2014, an increase of approximately 13.2 percent.
"Synopsys delivered strong results in the fiscal first quarter, and we are raising our revenue and non-GAAP earnings targets for the year," said Aart de Geus, chairman and co-CEO of Synopsys. "We see high demand for our new products, momentum in IP and prototyping, and we're making good progress in our higher-growth software quality and security space."
GAAP Results
On a generally accepted accounting principles (GAAP) basis, net income for the first quarter of fiscal 2015 was $65.2 million, or$0.41 per share, compared to $67.7 million, or $0.43 per share, for the first quarter of fiscal 2014.
Non-GAAP Results
On a non-GAAP basis, net income for the first quarter of fiscal 2015 was $125.7 million, or $0.80 per share, compared to non-GAAP net income of $93.1 million, or $0.59 per share, for the first quarter of fiscal 2014. Reconciliation between GAAP and non-GAAP results is provided at the end of this press release.
To view an unabridged version of this press release, visit: http://news.synopsys.com/2015-02-18-Synopsys-Posts-Financial-Results-for-First-Quarter-Fiscal-Year-2015
