Synopsys Inc

SNPS: XNAS (USA)
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Synopsys Earnings: IP Slowdown Causes a Dent and China Headwinds Drive Softer Outlook

Synopsys' third-quarter revenue grew 14% year over year, and non-GAAP operating margins came in at 38.5%, both falling short of FactSet consensus expectations. This was driven by an 8% year-over-year decline in IP revenue, exacerbated by a sluggish China recovery.

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