Synopsys Inc (NAS:SNPS)

$ 571.53 -2.85 (-0.5%) Market Cap: 87.18 Bil Enterprise Value: 87.01 Bil PE Ratio: 62.94 PB Ratio: 13.07 GF Score: 94/100

Synopsys Inc at DA Davidson Technology Conference Transcript

Sep 04, 2019 / 06:40PM GMT

Release Date Price: $141.52 (+1.62%)

Transcript

Thomas Robert Diffely

D.A. Davidson & Co., Research Division - MD & Senior Research Analyst

Okay. I think we'll get started here. So we have Trac Pham, CFO at Synopsys with us today. And in addition to one-on-one meetings, we have this presentation. So thank you, everybody, who's listening and who's in the room. And what I'd like to do is just start off with 10 -- or 5, 10 minutes of your overview of the company in your words and then I'll start with some questions.

Trac Pham

Synopsys, Inc. - CFO

Okay. Thanks, Tom, for inviting us to the conference. It's been a really good day with meetings so far. We reported Q3 results a couple of weeks ago, and very strong results, good topline growth, good progress on margins, very strong execution in the quarter. We saw strength across all product areas and really good strength across geographies as well. And then raised the annual outlook for the year. We're expecting revenues in the range of $3.3 billion-ish with growth in the 7% to 8% range. And then really strong improvements on margin relative to last year.

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