Synopsys (SNPS) Revenue — Quarter Ended Apr 30, 2024
Revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Apr 30, 2024 · FY2024 Q2
Revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue increased 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
-3.7%
Change from the immediately preceding quarter.
Year-over-year
+15.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.8B
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 |
|---|---|---|
| Jul 31, 2023 | $1.4B | +8.5% |
| Oct 31, 2023 | $1.5B | +79.3% |
| Jan 31, 2024 | $1.5B | +11.0% |
| Apr 30, 2024 | $1.5B | +15.2% |
Revenue performance
The reported revenue declined from the prior quarter, marking a sequential decrease. The year-over-year comparison shows a notable increase from the same quarter last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Compared to the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline in revenue may warrant monitoring in the context of prior growth trends.