Synopsys (SNPS) Tops Q4 EPS by 2c, Revenues Beat

Synopsys (NASDAQ: SNPS) reported Q4 EPS of $1.15, $0.02 better than the analyst estimate of $1.13. Revenue for the quarter came in at $851.1 million versus the consensus estimate of $847.33 million.

"Fiscal 2019 was another outstanding year for Synopsys. Even as we navigated several external challenges, we significantly exceeded our beginning-of-year plan, and delivered strong growth in revenue, non-GAAP operating margin, earnings-per-share, and cash flow, and across both operating segments. We also returned $329 million to shareholders via stock repurchases," said Aart de Geus, chairman and co-CEO of Synopsys. "Against a challenging global market backdrop, design activity remains strong. Our unrelenting innovation push has resulted in stronger-than-ever platforms, which are driving notable benchmark wins and increased competitive displacements. As we move into 2020, well on our way to our next milestone of $4 billion in revenue and beyond, we are targeting solid revenue growth, continued non-GAAP operating margin expansion, mid-teens non-GAAP earnings per share growth, and strong cash flow."

For earnings history and earnings-related data on Synopsys (SNPS) click here.

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