Synopsys (SNPS) Revenue — Quarter Ended Jan 31, 2023
Revenue increased compared to the prior quarter. Revenue also rose relative to the same quarter a year earlier.
Key takeaway
Quarter ended Jan 31, 2023 · FY2023 Q1
Revenue increased compared to the prior quarter. Revenue also rose relative to the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+66.3%
Change from the immediately preceding quarter.
Year-over-year
+7.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 30, 2022 | $1.3B | +24.9% |
| Jul 31, 2022 | $1.2B | +18.0% |
| Oct 31, 2022 | $818.5M | -29.0% |
| Jan 31, 2023 | $1.4B | +7.2% |
Revenue performance
The reported revenue for the quarter was higher than the immediately preceding quarter, reversing the decline seen in the prior period.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher. The sequential improvement from the prior quarter was substantial.
What to watch
The filing context does not provide specific causes for the revenue changes.