Synopsys (NASDAQ: SNPS) reported Q1 EPS of $1.01, $0.04 better than the analyst estimate of $0.97. Revenue for the quarter came in at $820.4 million versus the consensus estimate of $795.83 million.

"Our first quarter was a strong start to fiscal year 2019. We delivered excellent financial results and are reaffirming our outlook for the year," said Aart de Geus, chairman and co-CEO. "Even with some caution around global markets, electronics companies continue to invest in critical chip and system designs, as well as substantially growing amounts of sophisticated software. Synopsys is uniquely positioned to enable these designs, and our leadership is evident in both of our operating segments: Semiconductor & System Design and Software Integrity. We are well on-track towards our long-term growth and margin expansion targets."

GUIDANCE:

Synopsys sees Q2 2019 EPS of $1.07-$1.12, versus the consensus of $1.05. Synopsys sees Q2 2019 revenue of $810-850 million, versus the consensus of $820.06 million.

Synopsys sees FY2019 EPS of $4.20-$4.27, versus the consensus of $4.24. Synopsys sees FY2019 revenue of $3.29-3.34 billion, versus the consensus of $3.32 billion.

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