Synopsys (SNPS) Tops Q3 EPS by 3c, Revenues Beat; Offers FY18 EPS Outlook Above Consensus

Synopsys (NASDAQ: SNPS) reported Q3 EPS of $0.95, $0.03 better than the analyst estimate of $0.92. Revenue for the quarter came in at $779.7 million versus the consensus estimate of $773.61 million.

"Synopsys delivered another outstanding quarter and is raising revenue and non-GAAP earnings per share guidance for the year. The age of digital intelligence is driving significant investments by traditional and new semiconductor and systems companies, as well as software developers across many industries. Our strategic investments over the past several years are paying off. Strong products and customer relationships in EDA and IP, as well as our rapid growth in software security and quality, are leading to double-digit revenueand non-GAAP earnings growth in 2018," said Aart de Geus, chairman and co-CEO of Synopsys. "This backdrop provides a solid foundation for continued growth and increased operating leverage in the business."

GUIDANCE:

Synopsys sees FY2018 EPS of $3.89-$3.93, versus the consensus of $3.81.

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

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