SYNOPSYS REPORTS INCREASE IN REVENUE

NEWS.AM
February 21, 2013 | 17:40

Synopsys, Inc., a global leader providing software, IP and services
used to accelerate innovation in chips and electronic systems,
yesterday reported results for its first quarter of fiscal year 2013.

For the first quarter of fiscal year 2013, Synopsys reported revenue
of $475.1 million, compared to $425.5 million for the first quarter
of fiscal 2012, an increase of 11.7 percent.

“In the first fiscal quarter of 2013 our business, technology progress,
and customer engagements were strong across the board,” said Aart de
Geus, chairman and co-CEO of Synopsys.

“Semiconductor companies are aggressively pushing both technology
and efficiency to develop differentiated products within very tight
market windows, and Synopsys is a key partner in these quests. Because
of our strong first fiscal quarter results, including the impact of
the reinstatement of the federal R&D tax credit, and confidence in
our business, we are raising our non-GAAP earnings per share target
for the year.”

From: Emil Lazarian | Ararat NewsPress