SYNOPSYS INC

For the period ended Jan 31, 2024. Filed Feb 23, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jan 31, 2024 · Filed Feb 23, 2024

SNPS$459.95-1.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Income

(Unaudited, in thousands, except per share amounts)

	Three Months Ended January 31,
	2024	2023
Revenue:
Time-based products	$904,378	$782,313
Upfront products	447,863	336,658
Total products revenue	1,352,241	1,118,971
Maintenance and service	296,989	242,369
Total revenue	1,649,230	1,361,340
Cost of revenue:
Products	193,638	174,367
Maintenance and service	115,081	91,347
Amortization of acquired intangible assets	20,456	18,640
Total cost of revenue	329,175	284,354
Gross margin	1,320,055	1,076,986
Operating expenses:
Research and development	552,056	465,329
Sales and marketing	263,408	210,785
General and administrative	138,374	97,364
Amortization of acquired intangible assets	6,597	6,717
Restructuring charges	—	40,859
Total operating expenses	960,435	821,054
Operating income	359,620	255,932
Interest and other income (expense), net	105,484	23,292
Income before income taxes	465,104	279,224
Provision (benefit) for income taxes	18,897	10,597
Net income	$446,207	$268,627
Net income (loss) attributed to non-controlling interest and redeemable non-controlling interest	(2,905)	(2,909)
Net income attributed to Synopsys	$449,112	$271,536
Net income per share attributed to Synopsys:
Basic	$2.95	$1.78
Diluted	$2.89	$1.75
Shares used in computing per share amounts:
Basic	152,311	152,401
Diluted	155,334	155,076

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.