Synopsys (SNPS) Revenue — Quarter Ended Jul 31, 2023
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The sequential and year-over-year growth rates were positive.
Key takeaway
Quarter ended Jul 31, 2023 · FY2023 Q3
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The sequential and year-over-year growth rates were positive.
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
+7.3%
Change from the immediately preceding quarter.
Year-over-year
+8.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.8B
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 |
|---|---|---|
| Oct 31, 2022 | $818.5M | -29.0% |
| Jan 31, 2023 | $1.4B | +7.2% |
| Apr 30, 2023 | $1.3B | -1.3% |
| Jul 31, 2023 | $1.4B | +8.5% |
Revenue performance
The reported revenue for the quarter was higher than the immediately preceding quarter, reflecting a sequential improvement. Compared with the same quarter one year earlier, revenue also rose.
Quarterly comparison
Sequentially, revenue grew from the prior quarter, while on a year-over-year basis it also increased. The trailing twelve-month revenue was higher than the current quarter's annualized run rate.
What to watch
The sequential revenue trend shows a recovery from the prior quarter's decline, but the year-ago comparison remains positive.