Needham & Company Raises Price Target on Synopsys (SNPS) to $60 Following 3Q
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Synopsys Posts Financial Results for Third Quarter Fiscal Year 2016
August 17, 2016 4:05 PM EDTMOUNTAIN VIEW, Calif., Aug. 17, 2016 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today reported results for its third quarter of fiscal year 2016.
For the third quarter of fiscal year 2016, Synopsys reported revenue of $615.2 million, compared to $555.8 million for the third quarter of fiscal 2015, an increase of 10.7 percent. Â
"In our fiscal third quarter, we again delivered strong results across the board and are raising our annual revenue, non-GAAP earnings per share, and operating cash flow targets," said Aart de Geus, chairman and co-CEO of Synopsys. "While semiconductor consolidation has continued,... More
