Synopsys (SNPS) Revenue — Quarter Ended Jan 31, 2024
Revenue increased in the current quarter compared to the prior quarter. Revenue also rose compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jan 31, 2024 · FY2024 Q1
Revenue increased in the current quarter compared to the prior quarter. Revenue also rose 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
+3.0%
Change from the immediately preceding quarter.
Year-over-year
+11.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
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, 2023 | $1.3B | -1.3% |
| Jul 31, 2023 | $1.4B | +8.5% |
| Oct 31, 2023 | $1.5B | +79.3% |
| Jan 31, 2024 | $1.5B | +11.0% |
Revenue performance
The reported revenue direction is upward for the quarter. The company's trailing twelve-month revenue reflects sustained performance.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased. Compared with the same quarter one year earlier, revenue also increased.
What to watch
The pending acquisition of Ansys may materially affect future liquidity and capital needs.