Synopsys reports a quarterly revenue growth of 15% in its 2nd Q 2013
Synopsys has reported a revenue of $499.3 million for its second quarter of fiscal year 2013, 15% higher compared to $432.6 million for the second quarter of fiscal 2012.
"Synopsys again delivered strong results in Q2, and as a result we are raising our operating cash flow and non-GAAP earnings per share targets for the year," said Aart de Geus, chairman and co-CEO of Synopsys. "The latest silicon technologies offer high value but also great technical challenges. Because of this, more and more customer executives are sharing with us where they are heading and how Synopsys can help them succeed, leading to robust demand and market momentum."
Synopsys has set a target of $475 million - $485 million for its Third Quarter of Fiscal Year 2013. Synopsys has set a target of $1.955 billion - $1.975 billion for its complete Fiscal Year 2013.
Author: Srinivasa Reddy N