11.7% y-o-y growth in revenues for EDA software vendor Synopsys

Synopsys has reported a revenue of $504.9 million for its fourth quarter of fiscal 2013, compared to $454.2 million for the fourth quarter of fiscal 2012 . Revenue for fiscal year 2013 was $1.962 billion, an increase of 11.7 percent from $1.756 billion in fiscal 2012. Synopsys has set a revenue target of $2.06 billion - $2.085 billion Full Fiscal Year 2014. Unlike other big EDA vendors, Synopsys does not sell PCB design or any such system/box design software. Synopsys focuses exclusively on semiconductor chip design and manufacturing related software and silicon IP selling....