Synopsys Q3 revenue $1.487B (+19% YoY), non-GAAP EPS $2.88 beats guidance; CEO transition to Ghazi in Jan 2024

SYNOPSYS INC

2023-Q3 EPS reported $5.68 revenue$4,243,491,000

Record quarterly revenue of $1.487B, up 19% YoY; GAAP EPS $2.17 vs $1.43 last year.
Non-GAAP EPS $2.88, exceeding high end of guidance and up 37% YoY from $2.10.
Non-GAAP operating margin expanded ~4 points to 35.3%; FY2023 revenue and EPS guidance raised.
Aart de Geus to step down as CEO Jan 1, 2024; President & COO Sassine Ghazi appointed as successor.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SYNOPSYS INC reported third quarter of fiscal year 2023 ended July 31, 2023 results: revenue $1.487 billion, net income $336.3 million, or $2.17 per diluted share, EPS $2.17 per diluted share. Guidance raised.

Period: third quarter of fiscal year 2023 ended July 31, 2023
Revenue: $1.487 billion
Net income: $336.3 million, or $2.17 per diluted share
EPS: $2.17 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Results for Third Quarter Fiscal Year 2023 Announces Sassine Ghazi to Assume President and CEO Role Effective Jan. 1, 2024 Q3 FY 2023 Summary • Record quarterly revenue of $1.487 billion, up 19% year over year. • GAAP earnings per diluted share of $2.17; non-GAAP earnings per diluted share of $2.88, exceeded high end of guidance. • Raising full-year 2023 revenue,

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Source: SEC EDGAR

accession 0001193125-23-214350

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