Synopsys (SNPS) Revenue — Quarter Ended Oct 31, 2023
Revenue for the quarter ended October 31, 2023 increased compared to the prior quarter. Revenue also rose sharply compared to the same quarter one year earlier.
Key takeaway
Quarter ended Oct 31, 2023 · FY2023 Q4
Revenue for the quarter ended October 31, 2023 increased compared to the prior quarter. Revenue also rose sharply compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+8.3%
Change from the immediately preceding quarter.
Year-over-year
+79.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.4B
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 |
|---|---|---|
| Jan 31, 2023 | $1.4B | +7.2% |
| Apr 30, 2023 | $1.3B | -1.3% |
| Jul 31, 2023 | $1.4B | +8.5% |
| Oct 31, 2023 | $1.5B | +79.3% |
Revenue performance
The reported revenue direction is positive, with growth from the immediately preceding quarter. The year-over-year comparison shows a substantial increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved. Relative to the same quarter one year earlier, revenue was significantly higher.
What to watch
The filing context notes that cash and cash equivalents held in foreign jurisdictions were approximately seven hundred fifty-three point seven million as of October 31, 2023.