Needham & Company Raises Price Target Following Synopsys (SNPS) 2Q Results

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Go back to Needham & Company Raises Price Target Following Synopsys (SNPS) 2Q Results

Synopsys Posts Financial Results for Second Quarter Fiscal Year 2015

May 20, 2015 4:05 PM EDT

MOUNTAIN VIEW, Calif., May 20, 2015 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today reported results for its second quarter of fiscal year 2015.

For the second quarter of fiscal year 2015, Synopsys reported revenue of $557.2 million, compared to $517.7 million for the second quarter of fiscal 2014, an increase of approximately 7.6 percent.  

"Our fiscal second quarter results were very strong, and solidify our outlook for the full year," said Aart de Geus, chairman and co-CEO of Synopsys. "We see clear momentum with our new implementation and verification products in the early stages of a... More