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SNPS Earnings: Synopsys Q2 income and adjusted revenue develop in double digits | AlphaStreet


Synopsys, Inc. (NASDAQ: SNPS), a number one digital design automation firm, has reported a double-digit enhance in revenues and adjusted revenue for the second quarter of 2024.

Whole income elevated 15% year-over-year to $1.46 billion within the April quarter. Web revenue rose 7% from final yr to $292.1 million or $1.88 per share through the three months. On an adjusted foundation, earnings climbed 26% to $3.00 per share in Q2 from $2.38 per share final yr.

For the third quarter of 2024, the corporate expects income to be within the vary of $1.51 billion to $1.54 billion. Full-year income is estimated to be between $6.09 billion and $6.15 billion.


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