Synopsys Posts Financial Results for Second Quarter Fiscal Year 2021

 

SYNOPSYS, INC.

Business Segment Reporting (1)

(in millions)










Q2'21


Q2'20


YTD Q2'21


YTD Q2'20

Revenue by segment








- Semiconductor & System Design

$                        930.4


$                        773.0


$            1,808.8


$             1,521.8

% of Total

90.8%


89.7%


90.7%


89.7%

- Software Integrity

$                          93.9


$                          88.3


$               185.8


$                173.9

% of Total

9.2%


10.3%


9.3%


10.3%

Total segment revenue

$                     1,024.3


$                        861.3


$            1,994.6


$             1,695.7









Adjusted operating income by segment








- Semiconductor & System Design

$                        308.8


$                        209.7


$               587.7


$                388.5

- Software Integrity

$                            8.4


$                          11.7


$                 16.4


$                  19.8

Total adjusted segment operating income

$                        317.2


$                        221.4


$               604.1


$                408.3









Adjusted operating margin by segment








- Semiconductor & System Design

 

33.2%


27.1%


32.5%


25.5%

- Software Integrity

9.0%


13.3%


8.8%


11.4%

Total adjusted segment operating margin

31.0%


25.7%


30.3%


24.1%









Total Adjusted Segment Operating Income Reconciliation (1)(2)

(in millions)










Three Months Ended


Three Months Ended


Six Months 


Six Months 


April 30, 2021 (3)


April 30, 2020 (3)


April 30 2021 (3)


April 30, 2020 (3)

GAAP total operating income – as reported

$                        194.2


$                        125.9


$               342.6


$                213.4

Other expenses managed at consolidated level








-Amortization of intangible assets

19.7


24.1


40.0


46.6

-Stock compensation

79.6


56.4


163.4


108.3

-Fair value changes in executive deferred compensation plan

21.4


(18.5)


52.2


(6.0)

-Acquisition-related costs

2.3


3.8


5.9


7.5

-Restructuring

-


29.7


-


38.4

Total adjusted segment operating income

$                        317.2


$                        221.4


$           604.1


$                408.3









(1) Synopsys manages the business on a long-term, annual basis, and considers quarterly fluctuations of revenue and profitability as normal elements of our business. Amounts may not foot due to rounding.

(2) These segment results are consistent with the information required by ASC 280, Segment Reporting . They are presented to reflect the information that is considered by Synopsys' chief operating decision makers (CODMs) to evaluate the operating performance of its segments. The CODMs do not allocate certain operating expenses managed at a consolidated level to our reportable segments, and as a result, the reported operating income and operating margin do not include these unallocated expenses as shown in the table above. Amounts may not foot due to rounding.

(3) Synopsys' second quarter of fiscal year 2021 and 2020 ended on May 1, 2021 and May 2, 2020, respectively. For presentation purposes, we refer to the closest calendar month end.

 

INVESTOR CONTACT :
Lisa L. Ewbank
Synopsys, Inc.
650-584-1901
Synopsys-ir@synopsys.com  

EDITORIAL CONTACT :
Simone Souza
Synopsys, Inc.
650-584-6454
simone@synopsys.com

 

Cision View original content: http://www.prnewswire.com/news-releases/synopsys-posts-financial-results-for-second-quarter-fiscal-year-2021-301295232.html

SOURCE Synopsys, Inc.

Contact:
Company Name: Synopsys, Inc.
Web: http://www.synopsys.com
Financial data for Synopsys, Inc.



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