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AI English summary of an SEC filing — figures as filed

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The company said its fiscal 2024 fourth-quarter revenue reached a record $1.636 billion, up about 11% from $1.467 billion a year earlier, and full-year revenue came to $6.127 billion, up about 15% from $5.318 billion.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its fiscal 2024 fourth-quarter revenue reached a record $1.636 billion, up about 11% from $1.467 billion a year earlier, and full-year revenue came to $6.127 billion, up about 15% from $5.318 billion.

  2. Synopsys said that, on a continuing operations basis, GAAP diluted earnings per share for Q4 were $1.79 ($2.23 a year earlier), and non-GAAP diluted earnings per share were $3.40 ($3.00 a year earlier). Full-year GAAP diluted earnings per share were $9.25, and non-GAAP were $13.20.

  3. The company said it completed the sale of its Software Integrity business on September 30, 2024 and presented it as a discontinued operation. It also said it expects the Ansys acquisition to close in the first half of 2025, subject to regulatory approvals and other customary closing conditions.

  4. The company set its fiscal 2025 revenue outlook at $6,745 million to $6,805 million and non-GAAP diluted earnings per share at $14.88 to $14.96. It expects operating cash flow of about $1,800 million and free cash flow of about $1,600 million. It said fiscal 2025 has 8 fewer days than fiscal 2024 because of the fiscal year calendar change.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 and Full-Year Revenue

The company said its fiscal 2024 fourth-quarter revenue reached a record $1.636 billion, up about 11% from $1.467 billion a year earlier, and full-year revenue came to $6.127 billion, up about 15% from $5.318 billion.

Source · Based on the filing body and exhibits

GAAP and Non-GAAP Diluted EPS from Continuing Operations

Synopsys said that, on a continuing operations basis, GAAP diluted earnings per share for Q4 were $1.79 ($2.23 a year earlier), and non-GAAP diluted earnings per share were $3.40 ($3.00 a year earlier). Full-year GAAP diluted earnings per share were $9.25, and non-GAAP were $13.20.

Source · Based on the filing body and exhibits

Software Integrity Divestiture and Ansys Acquisition

The company said it completed the sale of its Software Integrity business on September 30, 2024 and presented it as a discontinued operation. It also said it expects the Ansys acquisition to close in the first half of 2025, subject to regulatory approvals and other customary closing conditions.

Source · Based on the filing body and exhibits

Fiscal 2025 Outlook

The company set its fiscal 2025 revenue outlook at $6,745 million to $6,805 million and non-GAAP diluted earnings per share at $14.88 to $14.96. It expects operating cash flow of about $1,800 million and free cash flow of about $1,600 million. It said fiscal 2025 has 8 fewer days than fiscal 2024 because of the fiscal year calendar change.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.