Synopsys Posts Financial Results for Second Quarter Fiscal Year 2023

 

Total Adjusted Segment Operating Income Reconciliation (1)(2)(3)

(in millions)










Three Months Ended


Three Months Ended


Six Months Ended


Six Months Ended


April 30, 2023


April 30, 2022


April 30, 2023


April 30, 2022

GAAP total operating income – as reported

$                       287.3


$                       363.7


$                543.3


$                710.7

Other expenses managed at consolidated level








-Amortization of intangible assets (4)

24.5


21.4


49.8


43.7

-Stock compensation (4)

143.3


110.1


277.5


205.8

-Non-qualified deferred compensation plan

2.8


(29.3)


23.0


(48.9)

-Acquisition-related items

2.7


4.0


5.3


6.1

-Restructuring charges

4.1


0.3


45.0


12.1

Total adjusted segment operating income

$                       464.7


$                       470.2


$             943.9


$                929.5









(1) Synopsys manages the business on a long-term, annual basis, and considers quarterly fluctuations of revenue and profitability as normal elements of
our business. Amounts may not foot due to rounding.

(2) These segments results are consistent with the information required by ASC 280, Segment Reporting. Synopsys' chief operating decision maker
(CODM) is our Chief Executive Officer. The CODM does not allocate certain operating expenses managed at a consolidated level to our reportable
segments and, as a result, the reported operating income and operating margin do not include these unallocated expenses as shown in the table above.

(3) Synopsys' second quarter of fiscal year 2023 and 2022 ended on April 29, 2023 and April 30, 2022, respectively. For presentation purposes, we refer
to the closest calendar month end.

(4) The adjustment includes non-GAAP expenses attributable to non-controlling interest and redeemable non-controlling interest.

 

INVESTOR CONTACT:
Trey Campbell
Synopsys, Inc.
650-584-4289
Email Contact 

EDITORIAL CONTACT:
Jim Brady
Synopsys, Inc.
408-482-4719
Email Contact

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/synopsys-posts-financial-results-for-second-quarter-fiscal-year-2023-301827509.html

SOURCE Synopsys, Inc.

Contact:
Company Name: Synopsys, Inc.
Financial data for Synopsys, Inc.


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