Synopsys (SNPS) Revenue — Quarter Ended Apr 30, 2023
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease from the prior quarter was more pronounced than the year-over-year decline.
Key takeaway
Quarter ended Apr 30, 2023 · FY2023 Q2
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease from the prior quarter was more pronounced than the year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
-7.2%
Change from the immediately preceding quarter.
Year-over-year
-1.3%
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 |
|---|---|---|
| Jul 31, 2022 | $1.2B | +18.0% |
| Oct 31, 2022 | $818.5M | -29.0% |
| Jan 31, 2023 | $1.4B | +7.2% |
| Apr 30, 2023 | $1.3B | -1.3% |
Revenue performance
The reported revenue moved lower, reversing the increase seen in the prior quarter. The year-over-year comparison also showed a contraction, though at a smaller magnitude.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. Relative to the same quarter one year earlier, revenue also declined, but the drop was less severe than the sequential change.
What to watch
The sequential revenue decline warrants attention, particularly given the prior quarter's growth.