Synopsys (SNPS) Tops Q1 EPS by 16c, Revenues Beat; Offers Q2 & FY20 EPS Mid-Point Guidance Below Consensus, Provides Q2 & FY20 Revenue Outlook

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Synopsys Posts Financial Results for First Quarter Fiscal Year 2020

February 19, 2020 4:05 PM EST

MOUNTAIN VIEW, Calif., Feb. 19, 2020 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today reported results for its first quarter fiscal year 2020. Revenue for the first quarter was $834.4 million, compared to $820.4 million for the first quarter of fiscal 2019.  

"Our first quarter was a strong start to fiscal year 2020. We delivered financial results at or above our guidance targets and are reaffirming our outlook for the year," said Aart... More