Synopsys (SNPS) Tops Q1 EPS by 16c; Guides Above Views

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Synopsys Posts Financial Results for First Quarter Fiscal Year 2017

February 15, 2017 4:05 PM EST

MOUNTAIN VIEW, Calif., Feb. 15, 2017 /PRNewswire/ --

Q1 2017 Financial Highlights

Revenue: $652.8 million GAAP earnings per share: $0.56 Non-GAAP earnings per share: $0.94

Synopsys, Inc. (Nasdaq: SNPS) today reported results for its first quarter of fiscal year 2017.

For the first quarter of fiscal 2017, Synopsys reported revenue of $652.8 million, compared to $568.6 million for the first quarter of fiscal 2016, an increase of approximately 15 percent.  

"The first fiscal quarter was an excellent beginning to the year, as we substantially exceeded expectations. Business... More