- Synopsys, Inc (NASDAQ: SNPS) reported fourth-quarter revenue growth of 11.4% year-on-year to $1.284 billion, marginally beating the consensus of $1.280 billion.
- Non-GAAP EPS of $1.91 beat the consensus of $1.84.
- Total products revenue grew 10.3% Y/Y to $1.06 billion.
- Adjusted operating margin contracted 200 bps to 27.5%.
- Semiconductor & System Design’s margin contracted from 31.3% to 29.6%. Software Integrity margin was reduced from 12.1% to 8.4%.
- Synopsys held $1.57 billion in cash and equivalents.
- Synopsys sees Q1 revenue of $1.34 billion – $1.37 billion (vs. consensus $1.34 billion). It sees Non-GAAP EPS of $2.48-$2.53 (vs. consensus $2.29).
- Synopsys sees FY23 revenue of $5.775 billion – $5.825 billion (vs. consensus $5.680 billion). It sees Non-GAAP EPS of $10.28-$10.35 (vs. consensus $10.08).
- Price Action: SNPS shares traded higher by 6.29% at $360.90 on the last check Thursday.
Call Of Duty’s Season 3 Update Frustrates Players With Game-Breaking Bug
Activision Blizzard Inc.'s (NASDAQ: ATVI) popular first-person shooter game, Call of Duty, recently launched its Season 3 update, which promised to bring a slew of new maps, weapons, modes and features to its multiplayer experience.
