Synopsys Q4 Adj EPS $3.17 Up From $1.91 YoY, Sales $1.60B Up From $1.28B YoY
Portfolio Pulse from Benzinga Newsdesk
Synopsys, Inc. (NASDAQ:SNPS) reported a significant increase in its Q4 adjusted earnings per share (EPS) to $3.17, up from $1.91 year-over-year (YoY). The company also saw a 24.53% increase in sales, reaching $1.60 billion compared to $1.28 billion in the same period last year.
November 29, 2023 | 9:08 pm
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Synopsys reported a strong Q4 with adjusted EPS rising to $3.17, a 65.97% increase YoY, and sales growing to $1.60 billion, up 24.53% YoY.
The substantial increase in both EPS and sales indicates a strong financial performance for Synopsys, which is likely to be viewed positively by investors. The double-digit growth in these key financial metrics suggests that the company is expanding its market presence and improving profitability, which could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100