secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001193125-23-214350
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312523214350/0001193125-23-214350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312523214350/d411101d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-214350

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer