SYNOPSYS INC
For the period ended Jul 31, 2024. Filed Aug 23, 2024.
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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.
Jul 31, 2024 · Filed Aug 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.
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Condensed Consolidated Statements of Income
(Unaudited, in thousands, except per share amounts)
| Three Months Ended July 31, | Nine Months Ended July 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue: | ||||
| Time-based products | $803,147 | $827,396 | $2,389,924 | $2,235,531 |
| Upfront products | 442,528 | 292,653 | 1,281,283 | 958,631 |
| Total products revenue | 1,245,675 | 1,120,049 | 3,671,207 | 3,194,162 |
| Maintenance and service | 280,074 | 234,341 | 820,243 | 656,469 |
| Total revenue | 1,525,749 | 1,354,390 | 4,491,450 | 3,850,631 |
| Cost of revenue: | ||||
| Products | 179,536 | 174,460 | 553,753 | 500,146 |
| Maintenance and service | 96,630 | 74,978 | 275,348 | 211,833 |
| Amortization of acquired intangible assets | 14,510 | 10,994 | 41,165 | 32,683 |
| Total cost of revenue | 290,676 | 260,432 | 870,266 | 744,662 |
| Gross margin | 1,235,073 | 1,093,958 | 3,621,184 | 3,105,969 |
| Operating expenses: | ||||
| Research and development | 508,872 | 484,470 | 1,527,542 | 1,384,120 |
| Sales and marketing | 211,491 | 185,769 | 640,117 | 537,981 |
| General and administrative | 150,437 | 99,750 | 396,464 | 274,406 |
| Amortization of acquired intangible assets | 4,062 | 2,014 | 12,152 | 5,949 |
| Restructuring charges | — | 21,879 | — | 54,439 |
| Total operating expenses | 874,862 | 793,882 | 2,576,275 | 2,256,895 |
| Operating income | 360,211 | 300,076 | 1,044,909 | 849,074 |
| Interest and other income (expense), net | 31,784 | 25,484 | 146,070 | 52,631 |
| Income before income taxes | 391,995 | 325,560 | 1,190,979 | 901,705 |
| Provision (benefit) for income taxes | (30,712) | (6,951) | 37,634 | 29,779 |
| Net income from continuing operations | 422,707 | 332,511 | 1,153,345 | 871,926 |
| Income (loss) from discontinued operations, net of income taxes | (17,813) | 544 | (13,155) | (296) |
| Net income | 404,894 | 333,055 | 1,140,190 | 871,630 |
| Less: Net income (loss) attributed to non-controlling interest and redeemable non-controlling interest | (3,161) | (3,197) | (9,084) | (9,068) |
| Net income attributed to Synopsys | $408,055 | $336,252 | $1,149,274 | $880,698 |
| Net income (loss) attributed to Synopsys: | ||||
| Continuing operations | $425,868 | $335,708 | $1,162,429 | $880,994 |
| Discontinued operations | (17,813) | 544 | (13,155) | (296) |
| Net income | $408,055 | $336,252 | $1,149,274 | $880,698 |
| Net income (loss) per share attributed to Synopsys - basic: | ||||
| Continuing operations | $2.78 | $2.21 | $7.60 | $5.79 |
| Discontinued operations | $(0.12) | $— | $(0.08) | $— |
| Basic net income per share | $2.66 | $2.21 | $7.52 | $5.79 |
| Net income (loss) per share attributed to Synopsys - diluted: | ||||
| Continuing operations | $2.73 | $2.17 | $7.46 | $5.68 |
|---|---|---|---|---|
| Discontinued operations | $(0.12) | $— | $(0.09) | $— |
| Diluted net income per share | $2.61 | $2.17 | $7.37 | $5.68 |
| Shares used in computing per share amounts: | ||||
| Basic | 153,417 | 152,023 | 152,885 | 152,204 |
| Diluted | 156,131 | 154,947 | 155,863 | 155,119 |
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