FX.co ★ Synopsys, Inc. Q2 Profit Increases, But Misses Estimates

Synopsys, Inc. (SNPS) reported an increase in profit for its second quarter compared to the same period last year, although the results fell short of Wall Street's expectations.

The company posted a net income of $299.1 million, or $1.92 per share, up from $275.6 million, or $1.78 per share, in the second quarter of the previous year.

On an adjusted basis, Synopsys reported earnings of $466.9 million or $3.00 per share for the quarter.

Analysts, on average, had anticipated earnings of $3.03 per share, according to data from Thomson Reuters, which typically excludes special items in its estimates.

Quarterly revenue grew by 15.9%, reaching $1.46 billion, compared to $1.26 billion in the same quarter last year.

### Synopsys, Inc. Q2 Financial Highlights (GAAP):

- **Net Income (Q2):** $299.1 million vs. $275.6 million last year

- **EPS (Q2):** $1.92 vs. $1.78 last year

- **Revenue (Q2):** $1.46 billion vs. $1.26 billion last year

### Guidance:

- **Next Quarter EPS:** $2.22 - $2.35

- **Next Quarter Revenue:** $1.5 - $1.53 billion

- **Full Year EPS:** $9.14 - $9.36

- **Full Year Revenue:** $6.09 - $6.15 billion