Synopsys Inc

SNPS: XNAS (USA)
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Synopsys Earnings: Solid Beat and Raise Quarter; Ansys Keeps Growing, Design IP Also Grows

Synopsys reported a solid second quarter, mildly beating our revenue and adjusted EPS expectations. Revenue grew 42% year over year, affected by the Ansys acquisition, and management raised its full-year outlook (EPS guide up 2% at the midpoint).

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