EDA Industry Almanac – Nominal Q4 2011


 
Note: SpringSoft was featured in an EDA WEEKLY during 2011 called, “Welcome SpringSoft:

http://www10.edacafe.com/nbc/articles/view_weekly.php?articleid=950341&printerfriendly=1

This EDA WEEKLY article on SpringSoft was number 1 in ‘click-throughs’ in 2011 . In all, this writer garnered four of the top five EDACafe.com articles in 2011.


SpringSoft self description

SpringSoft, Inc. is a global supplier of specialized automation technologies that accelerate engineers during the design, verification and debug of complex digital, analog and mixed‐signal ICs, ASICs, microprocessors, and SoCs. Its award‐winning product portfolio features the Novas™ Verification Enhancement and Laker Custom IC Design solutions used by more than 400 of today's leading IDM and fabless semiconductor companies, foundries, and electronic systems OEMs. Headquartered in Hsinchu, Taiwan, SpringSoft is the largest company in Asia specializing in IC design software and a recognized industry leader in customer service with more than 400 employees located in multiple R&D sites and local support offices around the world. For more, visit www.springsoft.com.



 




 
On February 22, 2012 Synopsys, Inc. (NASDAQ: SNPS) reported results for its fiscal year 2012 and first fiscal Quarter. This latter period is Nominal Q4 2011 for EDA Magazine reporting purposes.

NOTE: Since the MAGMA Acquisition was consummated after the close of Nominal Q1 2011, its revenue, profit, etc., were not consolidated with that of Synopsys in Nominal Q4 2011.

Synopsys Nominal Q4 2011 Financial Highlights:


            -    Revenue: $425.496 million

                 Guidance 3 months ago:  $412 - $420 million

            -    GAAP earnings per share: $0.39

                 Guidance 3 months ago:   $0.33 - $0.38

 
For Nominal Q4 2011, Synopsys reported revenue of $425.496 million, compared to $364.644 million for the first quarter of fiscal 2011, an increase of 16.69 %.  

"Business in Nominal Q4 2011 was strong and broad based. Combined with a solid outlook for the rest of the year, our results allow us to raise our outlook for Nominal 2012, independent of any impact from the Magma Design Automation acquisition," said Dr. Aart de Geus, chairman and CEO of Synopsys.

 


Dr. Aart de Geus



"Customers are aggressively moving to develop advanced new products, and demand for our technology and support is high. We expect the acquisition of Magma, which closed today (February 22), will enable us to accelerate delivery of state-of-the art technology to our customers,” said Dr. de Geus.

GAAP Results


On a generally accepted accounting principles (GAAP) basis, Synopsys’ net income for the first quarter of fiscal 2012 (Nominal Q4 2011) was $56.69 million (up 17.52%), or $0.39 per share (up 25.81%), compared to $48.23 million, or $0.31 per share, for the first quarter of fiscal 2011 (Nominal Q4 2010). Due to its fiscal calendar, the first quarter of fiscal year 2012 (Nominal Q4 2011) included an extra week.

Financial Targets

Synopsys also provided its financial targets for the next quarter and its full fiscal year 2012.  NOTE:These targets do not include any impact of the acquisition of Magma Design Automation or future acquisition-related expenses that may be incurred in fiscal 2012.  These targets also constitute forward-looking information and are based on current expectations.    

Nominal Q1 2012 Targets (Feb – Apr)

  • Revenue: $412 million - $420 million
  • GAAP expenses: $332 million - $348 million
  • Other income and expense: $0 - $2 million
  • Fully diluted outstanding shares: 146 million - 150 million
  • GAAP earnings per share: $0.37 - $0.43
  • Revenue from backlog: greater than 90%

Full Fiscal Year 2012 Targets: (Feb -Jan)

  • Revenue: $1.655 billion - $1.675 billion
  • Other income and expense: $0 - $4 million
  • Fully diluted outstanding shares: 146 million - 150 million
  • GAAP earnings per share: $1.33 - $1.48
  • Cash flow from operations: approximately $300 million

Web Sites

All four EDA vendors mentioned in this article are at different stages of gradually improving their respective corporate web sites over time, to make the sites at once more attractive, comprehensive, informative, easier to navigate, and closer to representative of each company’s culture and standing in the industry. Signs of progress exist in the web sites of each of the four EDA vendors herein.

But it’s also possible to go too far, to include too much, too full of unnecessary multimedia and gimmicks, to actually become too complex and intimidating. Synopsys’ web site has been upgraded and improved remarkably in the recent past, and arguably now runs the risk of “too much.”

But we applaud all moves toward site improvement coupled with discipline on the parts of all EDA vendors.



Synopsys self description

Synopsys, Inc. (Nasdaq: SNPS) is a world leader in electronic design automation (EDA), supplying the global electronics market with the software, intellectual property (IP) and services used in semiconductor design, verification and manufacturing. Synopsys' comprehensive, integrated portfolio of implementation, verification, IP, manufacturing and field-programmable gate array (FPGA) solutions helps address the key challenges designers and manufacturers face today, such as power and yield management, system-to-silicon verification and time-to-results. These technology-leading solutions help give Synopsys customers a competitive edge in bringing the best products to market quickly while reducing costs and schedule risk. Synopsys is headquartered in Mountain View, California, and has approximately 70 offices located throughout North America, Europe, Japan, Asia and India.

 


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