Synopsys Q4 revenue $1.599B (+25% YoY), non-GAAP EPS $3.17 beats guidance

SYNOPSYS INC

2023-FY EPS reported $7.92 revenue$5,842,619,000

Record quarterly revenue of $1.599B, up ~25% YoY; FY revenue $5.843B, up ~15% YoY.
GAAP diluted EPS $2.26 (Q4)/$7.92 (FY); non-GAAP EPS $3.17 (Q4)/$11.19 (FY), beat high end of guidance.
Backlog grew to $8.6B; Design Automation, Design IP, Software Integrity segments all contributed.
FY2024 guidance: expects double-digit revenue growth; non-GAAP tax rate set at 15%.
Sassine Ghazi to become CEO; Aart de Geus remains chairman.

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 0.99

SYNOPSYS INC reported fourth quarter of fiscal year 2023 results: revenue record quarterly revenue of $1.599 billion, up approximately 25% year over year, net income GAAP net income for the fourth quarter of fiscal year 2023 was $349.2 million, or $2.26 per diluted share, EPS quarterly GAAP earnings per diluted share of $2.26; non-GAAP earnings per diluted share of $3.17.

Period: fourth quarter of fiscal year 2023
Revenue: record quarterly revenue of $1.599 billion, up approximately 25% year over year
Net income: GAAP net income for the fourth quarter of fiscal year 2023 was $349.2 million, or $2.26 per diluted share
EPS: quarterly GAAP earnings per diluted share of $2.26; non-GAAP earnings per diluted share of $3.17
Result: reported results

Exact text from the filing

Synopsys Posts Financial Results for Fourth Quarter and Fiscal Year 2023 Results Summary • Record quarterly revenue of $1.599 billion, up approximately 25% year over year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

SYNOPSYS INC reported fiscal year 2023 results: revenue Record fiscal-year revenue of $5.843 billion, up approximately 15% year over year., net income GAAP net income for fiscal year 2023 was $1.230 billion, or $7.92 per diluted share, EPS Fiscal year GAAP earnings per diluted share of $7.92; non-GAAP earnings per diluted share of $11.19.

Period: fiscal year 2023
Revenue: Record fiscal-year revenue of $5.843 billion, up approximately 15% year over year.
Net income: GAAP net income for fiscal year 2023 was $1.230 billion, or $7.92 per diluted share
EPS: Fiscal year GAAP earnings per diluted share of $7.92; non-GAAP earnings per diluted share of $11.19
Result: reported results

Exact text from the filing

Record fiscal-year revenue of $5.843 billion, up approximately 15% year over year.

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Source: SEC EDGAR

accession 0001193125-23-285209

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