Synopsys: FY Q1 Tops Ests; Q2, 2008 Outlook In Line
Synopsys (SNPS) this afternoon reported revenue for its fiscal first quarter ended January 31 of $315.5 million, with non-GAAP EPS of 44 cents, beating the Street at $312.9 million and 38 cents.
For the fiscal second quarter, SNPS sees revenue of $317 million to $325 million, with non-GAAP EPS of 37-39 cents. That is about in line with the Street estimates of $320.86 million and 38 cents.
For the fiscal year ending October 2008, the EDA software company sees revenue of $1.3 billion to $1.315 billion, with non-GAAP EPS of $1.56-$1.61, about in line with Street estimates of $1.31 billion and $1.59.
In after hours trading, SNPS is up $1.45, or 6.3%, at $24.48; the stock fell 44 cents in the regular session.
Yes, but the broader problems with EDA still remains:
http://sramanamitra.com/2008/02/08/cadence-crashes-now-what/
Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
