SNPS Q1 2024 Earnings — Synopsys, Inc. Revenue & Financial Results | Market Cap Arena

SNPSSynopsys, Inc.

$84B

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.5B+11.0% YoY

Gross Profit

$1.2B81.5% margin

Operating Income

$353M23.3% margin

Net Income

$449M29.7% margin

EPS (Diluted)

$2.89

QoQ Revenue Growth

-5.5%

Cash Flow

Operating Cash Flow

-$88M

Free Cash Flow

-$128M

Stock-Based Comp.

$181M

Balance Sheet

Total Assets

$10.6B

Total Liabilities

$3.9B

Stockholders' Equity

$6.7B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.4B	+11.0%
Gross Profit	$1.2B	$1.1B	+14.4%
Operating Income	$353M	$256M	+37.8%
Net Income	$449M	$272M	+65.4%

Revenue Segments

License and Maintenance

$904M55%

License

$448M27%

Technology Service

$297M18%

Geographic Segments

UNITED STATES

$808M49%

CHINA

$250M15%

Other Countries

$248M15%

KOREA, REPUBLIC OF

$185M11%

Europe

$159M10%