Synopsys (SNPS) Revenue — Quarter Ended Jul 31, 2024
Revenue increased in the latest quarter, driven by continued business momentum.
Key takeaway
Quarter ended Jul 31, 2024 · FY2024 Q3
Revenue increased in the latest quarter, driven by continued business momentum.
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
+4.9%
Change from the immediately preceding quarter.
Year-over-year
+12.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$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 |
|---|---|---|
| Oct 31, 2023 | $1.5B | +79.3% |
| Jan 31, 2024 | $1.5B | +11.0% |
| Apr 30, 2024 | $1.5B | +15.2% |
| Jul 31, 2024 | $1.5B | +12.7% |
Revenue performance
The reported revenue rose from both the preceding quarter and the same quarter one year earlier, reflecting steady operational performance.
Quarterly comparison
Compared with the immediately preceding quarter, revenue grew; compared with the same quarter last year, revenue also showed an increase.
What to watch
Management highlighted that the pending Ansys Merger is likely to materially increase debt and liquidity needs.