Synopsis reported revenue of $1.455 billion for its second quarter of fiscal year 2024, up approximately 15% year over year and at the high-end of guidance.
Quarterly GAAP earnings per diluted share were $1.92; non-GAAP earnings per diluted share were $3.00, up approximately 26% year over year and exceeding guidance.
Raising full year targets for revenue and non-GAAP EPS, based on strong execution and continued business momentum.
"We continued our strong operational execution and business momentum in Q2. Customers continue investing in Synopsys solutions to maximize their R&D and power their future innovations for this era of pervasive intelligence," said Sassine Ghazi, president and CEO of Synopsys. "We expect our planned acquisition of Ansys, which was approved today by Ansys shareholders, to further our mission of empowering technology innovators everywhere with essential silicon to systems design solutions."
