secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2023-11-29T23:59:59+00:00
Accession:  0001193125-23-285209
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312523285209/0001193125-23-285209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312523285209/d613884d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-285209

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