Operator: Ladies and gentlemen, thank you for standing by and welcome to the Synopsys, Inc. Earnings Conference Call for the Second Quarter of Fiscal Year 2010. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. (Operator Instructions). Today’s call will last one hour. Five minutes prior to the end of the call, I will announce the amount of time remaining in the conference. As a reminder, today’s call is being recorded.
At this time, I would like to turn the conference over to Lisa Ewbank, Vice President of Investor Relations. Please go ahead.
Lisa Ewbank - VP of IR: Thank you, Lola. Good afternoon, everyone. With us today are Aart de Geus, Chairman and CEO of Synopsys and Brian Beattie, Chief Financial Officer. During the course of this conference call, Synopsys will make forecasts, targets and other forward-looking statements regarding the Company and its financial results. While these statements represent our best current judgment about future results and performance as of today, our actual results and performance are subject to many risks and uncertainties that could cause actual results to differ materially from what we expect.
In addition to any risks that we highlight during this call, important factors that may affect our future results are described in our quarterly report on Form 10-Q for the fiscal quarter ended January 31, 2010 and in our earnings release for the second quarter of fiscal year 2010 issued earlier today.
In addition, all financial information to be discussed on this conference call as well as the reconciliation of the non-GAAP financial measures to their most directly comparable GAAP financial measures and supplemental financial information can be found in the current report on Form 8-K that we filed today, our second quarter earnings release and our financial supplement. All of these items are currently available on our website at www.synopsys.com.
With that, I’ll turn the call over to Aart de Geus.
Dr. Aart de Geus - Chairman and CEO: Good afternoon. I am pleased to report that in Q2 we again delivered solid results with inline revenue, good expense management, slightly above target earnings and strong cash generation. Moreover, we made good progress increasing our total available market for long-term growth. Over the past several years we have been executing on all fronts; R&D investments, global customer support and targeted acquisitions, all resulting in very solid financials as we have emerged as a clear industry leader.
Let me first summarize last quarter’s financial results. We met or exceeded all of our Q2 targets. We delivered non-GAAP earnings per share of $0.41 with revenue of $338 million. We carefully managed expenses and are on track to meet our ops margin target of 24% for the year. And we are heading towards meeting or beating our initial revenue, EPS and cash flow objectives for the year.
Before reporting on our strategy and execution, let me address the economic landscape that our customers are navigating and its impact on EDA and Synopsys. While the worldwide economy is gradually recovering, the semiconductor industry has experienced a rapid increase in demand. Companies are ramping up chip production as quickly as possible. Most of our customers have reported solid results, are seeing a strong six months outlook and in many cases are reporting capacity shortages.