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Synopsys reports first quarter 2010 results |
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Revenue for the quarter was reported as $330.2 million, as compared to $339.8 million during the first quarter of fiscal 2009. GAAP net income for the quarter was $132.8 million, or $0.88 per share, as compared to $52.4 million, or $0.37 per share, during the first quarter of fiscal 2009. Synopsys said net income for the quarter included a one-time $91.6 million, or $0.61 per share, tax benefit associated with the IRS settlement for fiscal years 2002-2004, announced on January 12, 2010.  Synopsys chairman and CEO Aart de Geus said the company had made strategic moves that would increase its total available market substantially over the long term. Synopsys also provided guidance for for the second quarter and full fiscal year 2010, excluding future acquisitions-related expenses. The company said that for the second quarter of fiscal 2010, it expects revenues between $331 million to $339 million, GAAP expenses of around $278 million - $295 million, other expenses upto $3 million, and fully diluted outstanding shares of between 148 million - 153 million. It said GAAP earnings per share are anticipated between $0.22 - $0.28. For the full fiscal year 2010, Synopsys said it expects revenues of approximately $1.33 billion to $1.35 billion, other income and expense between $4 million to $8 million, and fully diluted outstanding shares between 149 million – 154 million. It anticipates GAAP earnings per share at around $1.55 - $1.74, and a cash flow from operations of around $200 million - $220 million. |
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