Synopsys said its revenue for fiscal 2024 Q3 was $1.526 billion, up about 13% from $1.354 billion a year earlier, and its non-GAAP diluted earnings per share were $3.43.

1. 01

   Synopsys said its revenue for fiscal 2024 Q3 was $1.526 billion, up about 13% from $1.354 billion a year earlier, and its non-GAAP diluted earnings per share were $3.43.

2. 02

   The company said GAAP net income from continuing operations for Q3 was $425.9 million ($2.73 per diluted share), compared with $335.7 million ($2.17 per share) a year earlier. Non-GAAP net income was $535.5 million.

3. 03

   The company reported Design Automation revenue of $1,062.6 million for Q3 ($1,004.2 million a year earlier) and Design IP revenue of $463.1 million ($350.2 million a year earlier). Design IP's adjusted segment operating margin was 36.7%.

4. 04

   The company provided annual revenue guidance of $6,105 million to $6,135 million, non-GAAP EPS guidance of $13.07 to $13.12 and free cash flow of about $1,100 million. It said revenue for Q4 is expected to be between $1,614 million and $1,644 million.

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Original filing

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