Synopsys (SNPS) Tops Q1 EPS by 6c

Synopsys (NASDAQ: SNPS) reported Q1 EPS of $0.68, $0.06 better than the analyst estimate of $0.62. Revenue for the quarter came in at $568.6 million versus the consensus estimate of $568.79 million.

"The fiscal first quarter was a very good start to the year, and we are well on-track to meeting our annual financial targets," said Aart de Geus, chairman and co-CEO of Synopsys. "Our business is strong, even in the context of the challenging macro environment, and customers continue to count on us for their most critical projects. As the market and technology leader in EDA, the second largest IP provider in the world, and the emerging front-runner in addressing the critical new software quality and security space, our vision and investments align well with robust current and future opportunities."

For earnings history and earnings-related data on Synopsys (SNPS) click here.

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