Synopsys Profits Down Amid Software Company Buys
MOUNTAIN VIEW, Calif., Dec. 11, 2015 — Earnings at Synopsys Inc. declined slightly in 2015 as the company acquired several software firms.
Synopsys reported net income of 225.9 million, or $1.43 per diluted share. That's down about 13 percent from earnings of $259.1 million, or $1.64 million per diluted share, in fiscal 2014.
Revenue, meanwhile, increased 9 percent to $2.2 billion.
"Synopsys reported an excellent fourth quarter and fiscal 2015 against a somewhat challenging semiconductor industry backdrop, providing a solid foundation as we enter 2016," said Aart de Geus, chairman and co-CEO of Synopsys.
The company anticipates revenues of $2.35 to $2.39 billion in fiscal 2016, with earnings per share in the range of $1.55 to $1.71.
Synopsys develops software for developing the electronic products, including optical communications devices and photonic integrated circuits, as well as imaging and illumination systems.