secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2024-08-21T23:59:59+00:00
Accession:  0001193125-24-204450
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synopsys Q3 FY2024 revenue record $1.526B, non-GAAP EPS $3.43 beat guidance
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- Record Q3 revenue $1.526B (+13% YoY); GAAP EPS $2.73; non-GAAP EPS $3.43 (+27% YoY).
- Non-GAAP EPS exceeded guidance; full-year revenue growth ~15% expected with margin expansion.
- Software Integrity business classified as discontinued ops after May 2024 sale agreement.
- Design Automation and Design IP segments both contributed to strong performance.
- CEO Sassine Ghazi cited AI-driven demand; CFO Shelagh Glaser noted record revenue and momentum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312524204450/0001193125-24-204450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312524204450/d878807d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-204450

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