Synopsys (NASDAQ: SNPS) reported Q3 EPS of $0.92, in-line with the analyst estimate of $0.92. Revenue for the quarter came in at $695.4 million versus the consensus estimate of $691.22 million.

On a non-GAAP basis, net income was $141.6 million, or $0.92 per share, compared to non-GAAP net income of $116.2 million, or $0.76 per share, for the third quarter of fiscal 2016.

GUIDANCE:

Synopsys sees Q4 2017 EPS of $0.55-$0.58, versus the consensus of $0.55. Synopsys sees Q4 2017 revenue of $642-657 million, versus the consensus of $639.85 million.

Synopsys sees FY2017 EPS of $3.29-$3.32, versus the consensus of $3.28. Synopsys sees FY2017 revenue of $2.67-2.685 billion, versus the consensus of $2.66 billion.

Fourth Quarter of Fiscal Year 2017 Targets:

• Revenue: $642 million - $657 million
• GAAP expenses: $586 million - $602 million
• Non-GAAP expenses: $535 million - $545 million
• Other income and expense: ($1) million - $1 million
• Normalized annual tax rate applied in non-GAAP net income calculations: 19 percent
• Fully diluted outstanding shares: 153 million - 156 million
• GAAP earnings per share: $0.26 - $0.33
• Non-GAAP earnings per share: $0.55 - $0.58

Full Fiscal Year 2017 Targets:

• Revenue: $2.670 billion - $2.685 billion
• Other income and expense: $4 million - $6 million
• Normalized annual tax rate applied in non-GAAP net income calculations: 19 percent
• Fully diluted outstanding shares: 153 million - 156 million
• GAAP earnings per share: $1.92 - $1.99
• Non-GAAP earnings per share: $3.29 - $3.32
• Cash flow from operations: $580 million - $600 million

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