Synopsys Inc (BSP:S1NP34)

R$ 679.13 -11.56 (-1.67%) Market Cap: 417.29 Bil Enterprise Value: 410.25 Bil PE Ratio: 51.21 PB Ratio: 9.84 GF Score: 93/100

Q2 2024 Synopsys Inc Earnings Call Transcript

May 22, 2024 / 09:00 PM GMT

Release Date Price: R$739.49 (+1.26%)

Transcript 10-Q8-K

Key Points

Positve

Revenue increased by 15% year-over-year, reaching the high end of the guided range.
Non-GAAP operating margin improved to 37.3%, up approximately 3 percentage points year-over-year.
Non-GAAP EPS increased by 26% year-over-year, exceeding guidance.
Strong customer engagement and adoption of Synopsys.ai, leading to significant performance gains.
The planned acquisition of ANSYS is progressing well, with stockholder approval and expected regulatory approvals.

Negative

Analog and Mixed Signal Design adoption is still in early stages, making it difficult to quantify financial uplift.
IP business experienced lumpiness, with a muted performance in Q2 compared to Q1.
Cautious outlook on China due to macroeconomic challenges and restrictions.
Regulatory review process for the ANSYS acquisition is ongoing, with potential uncertainties.
R&D expenses grew significantly, outpacing revenue growth, indicating high investment costs.

Refinitiv StreetEvents Event Transcript
P R E L I M I N A R Y V E R S I O N

SNPS.OQ - Synopsys Inc
Q2 2024 Synopsys Inc Earnings Call
May 22, 2024 / 09:00PM GMT

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Conference Call Participants
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* Trey Campbell
* Sassine Ghazi - CEO
* Shelagh Glaser - CFO
* Joseph Vruwink - Robert W. Baird & Co. Incorporated, Research Division
* Jason Celino - KeyBanc Capital Markets Inc., Research Division
* Yu Shi - Needham & Company, LLC, Research Division
* Joshua Tilton - Wolfe Research, LLC
* Gary Mobley - Wells Fargo Securities, LLC, Research Division
* Lee Simpson - Morgan Stanley, Research Division
* Jay Vleeschhouwer - Griffin Securities, Inc., Research Division
* Gianmarco Conti - Deutsche Bank AG, Research Division
* Blair Abernethy - Rosenblatt Securities Inc., Research Division

=====================
Presentation
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Operator [1]
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