Synopsys Posts Financial Results for Second Quarter Fiscal Year 2022

Q2 FY 2022 Financial Highlights

  • Revenue: $1.279 billion
  • GAAP earnings per diluted share: $1.89
  • Non-GAAP earnings per diluted share: $2.50

MOUNTAIN VIEW, Calif., May 18, 2022 /PRNewswire/ -- Synopsys, Inc. SNPS today reported results for its second quarter fiscal year 2022. Revenue for the second quarter of fiscal year 2022 was $1.279 billion, compared to $1.024 billion for the second quarter of fiscal year 2021.

"Synopsys delivered an outstanding fiscal second quarter, exceeding our guidance targets with strength across all product groups and geographies. Based on strong first half execution and confidence in our business, we are raising our full-year targets substantially," said Aart de Geus, chairman and CEO of Synopsys. "Our financial momentum builds on three drivers: an unmatched product portfolio with groundbreaking new innovations, robust semiconductor and electronics market demand, and excellent operational execution. Notwithstanding macroeconomic choppiness in an uncertain geopolitical environment, our customers continue to prioritize investments to enable the new "smart everything" era. For fiscal 2022, we expect to grow annual revenue approximately 20% and pass the $5 billion milestone, drive further operating margin expansion, grow earnings per share by more than 25%, and generate approximately $1.6 billion in operating cash flow."

GAAP Results

On a generally accepted accounting principles (GAAP) basis, net income for the second quarter of fiscal year 2022 was $294.8 million, or $1.89 per diluted share, compared to $195.1 million, or $1.24 per diluted share, for the second quarter of fiscal year 2021.

Non-GAAP Results

On a non-GAAP basis, net income for the second quarter of fiscal year 2022 was $390.8 million, or $2.50 per diluted share, compared to non-GAAP net income of $267.1 million, or $1.70 per diluted share, for the second quarter of fiscal year 2021.

For a reconciliation between GAAP and non-GAAP results, see "GAAP to Non-GAAP Reconciliation" in the accompanying tables below. 

Business Segments

Synopsys reports revenue and operating income in two segments: (1) Semiconductor & System Design, which includes EDA tools, IP products, system integration solutions and other associated revenue categories, and (2) Software Integrity, which includes a comprehensive solution for building integrity—security, quality and compliance testing—into the customers' software development lifecycle and supply chain. Further information regarding these segments is provided at the end of this press release.

Financial Targets

Synopsys also provided its consolidated financial targets for the third quarter and full fiscal year 2022. These financial targets assume that there are no further changes to the current U.S. government "Entity List" restrictions. These targets constitute forward-looking statements and are based on current expectations. For a discussion of factors that could cause actual results to differ materially from these targets, see "Forward-Looking Statements" below. 

Third Quarter and Fiscal Year 2022 Financial Targets

(in millions except per share amounts)








 Range for Three Months 


Range for Fiscal Year


July 31, 2022


October 31, 2022


Low

High


Low

High

Revenue

$             1,210

$             1,240


$             5,000

$             5,050

GAAP Expenses

$                981

$             1,001


$             3,928

$             3,975

Non-GAAP Expenses

$                830

$                840


$             3,350

$             3,380

Other Income (Expense)

$                  (2)

$                     -


$                     -

$                    4

Non-GAAP Tax Rate

18%

18%


18%

18%

Outstanding Shares (fully diluted)

156

159


156

159

GAAP EPS

$               1.32

$               1.44


$               6.22

$               6.40

Non-GAAP EPS

$               2.01

$               2.06


$               8.63

$               8.70

Operating Cash Flow




$             1,550

$             1,600

Earnings Call Open to Investors

Synopsys will hold a conference call for financial analysts and investors today at 2:00 p.m. Pacific Time. A live webcast of the call will be available on Synopsys' corporate website at www.synopsys.com. A recording of the call will be available by calling +1-866-207-1041 (+1-402-970-0847 for international callers), access code 8770568, beginning at 5:00 p.m. Pacific Time today, until 11:59 p.m. Pacific Time on May 25, 2022. A webcast replay will also be available on the corporate website from approximately 5:30 p.m. Pacific Time today through the time Synopsys announces its results for the third quarter of fiscal year 2022 in August 2022.  Synopsys will post copies of the prepared remarks of Aart de Geus, chairman and chief executive officer, and Trac Pham, chief financial officer, on its website following today's call. In addition, Synopsys makes additional information available in a financial supplement and corporate overview presentation, also posted on the corporate website.

Effectiveness of Information

The targets included in this press release, the statements made during the earnings conference call and the information contained in the financial supplement and corporate overview presentation (available in the Investor Relations section of Synopsys' corporate website at www.synopsys.com) represent Synopsys' expectations and beliefs as of the date of this release only. Although this press release, copies of the prepared remarks of the chief executive officer and chief financial officer made during the call, the financial supplement, and the corporate overview presentation will remain available on Synopsys' website through the date of the third quarter of fiscal year 2022 earnings call in August 2022, their continued availability through such date does not mean that Synopsys is reaffirming or confirming their continued validity. Synopsys undertakes no duty, and does not currently intend, to report on its progress during the third quarter of fiscal year 2022 or comment to analysts or investors on, or otherwise update, the targets given in this release.

Availability of Final Financial Statements

Synopsys will include final financial statements for the second quarter fiscal year 2022 in its quarterly report on Form 10-Q to be filed by June 9, 2022.

About Synopsys

Synopsys, Inc. SNPS is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As an S&P 500 company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and offers the industry's broadest portfolio of application security testing tools and services. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing more secure, high-quality code, Synopsys has the solutions needed to deliver innovative products. Learn more at www.synopsys.com.      

GAAP to Non-GAAP Reconciliation

Synopsys continues to provide all information required in accordance with GAAP, but acknowledges evaluating its ongoing operating results may not be as useful if an investor is limited to reviewing only GAAP financial measures. Accordingly, Synopsys presents non-GAAP financial measures in reporting its financial results to provide investors with an additional tool to evaluate Synopsys' operating results in a manner that focuses on what Synopsys believes to be its core business operations and what Synopsys uses to evaluate its business operations and for internal planning and forecasting purposes. Synopsys' management does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, superior to, or as a substitute for, financial information prepared in accordance with GAAP. Synopsys' management believes it is useful for itself and investors to review, as applicable, both GAAP financial measures that include: (i) the amortization of acquired intangible assets, (ii) the impact of stock compensation, (iii) acquisition-related costs, (iv) restructuring charges, (v) the effects of certain settlements, final judgments and loss contingencies related to legal proceedings, and (vi) the income tax effect of non-GAAP pre-tax adjustments; and the non-GAAP financial measures that exclude such information in order to assess the performance of Synopsys' business and for planning and forecasting in subsequent periods.

Synopsys adopted a three-year normalized non-GAAP tax rate of 16% for fiscal year 2019 through 2021 in calculating non-GAAP financial measures to provide better consistency across interim reporting periods by eliminating the effects of non-recurring and period-specific items, which can vary in size and frequency and not necessarily reflect our normal operations, and to more clearly align our tax rate with our expected geographic earnings mix.

Given the uncertainty surrounding corporate tax reform, Synopsys adopted an annual non-GAAP tax rate of 18% for fiscal year 2022 rather than a three-year normalized non-GAAP tax rate in calculating its non-GAAP financial measures. This annual non-GAAP tax rate is based on an evaluation of its historical and projected mix of U.S. and international profit before tax, taking into account the impact of non-GAAP adjustments, as well as other factors such as its current tax structure, existing tax positions and expected recurring tax incentives. Synopsys re-evaluates this rate on an annual basis for any significant events that could materially affect its projections, such as significant changes in its geographic earnings mix or significant tax law changes in major jurisdictions where Synopsys operates, and further consider the appropriateness of adopting a multi-year normalized non-GAAP tax rate.

Whenever Synopsys uses a non-GAAP financial measure, it provides a reconciliation of the non-GAAP financial measure to the most closely applicable GAAP financial measure. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measure as detailed below, as well as Item 2.02 of the Current Report on Form 8-K filed on May 18, 2022 for additional information about the measures Synopsys uses to evaluate its core business operations.

Reconciliation of Second Quarter Fiscal Year 2022 Results
The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP net income and earnings per diluted share for the periods indicated below.

GAAP to Non-GAAP Reconciliation of Second Quarter Fiscal Year 2022 Results (1)

(unaudited and in thousands, except per share amounts)



Three Months Ended


Six Months Ended


April 30,


April 30,


2022


2021


2022


2021

GAAP net income

$     294,781


$     195,078


$     608,468


$     357,423

Adjustments:








Amortization of intangible assets

21,367


19,721


43,727


39,997

Stock compensation

110,061


79,586


205,832


163,368

Acquisition-related costs

4,023


2,344


6,100


5,892

Restructuring charges

311


-


12,057


-

Tax adjustments

(39,703)


(29,630)


(108,456)


(60,108)

Non-GAAP net income

$     390,840


$     267,099


$     767,728


$     506,572


























Three Months Ended


Six Months Ended


April 30,


April 30,


2022


2021


2022


2021

GAAP net income per diluted share

$           1.89


$           1.24


$           3.88


$           2.27

Adjustments:








Amortization of intangible assets

0.14


0.13


0.28


0.25

Stock compensation

0.70


0.51


1.31


1.04

Acquisition-related costs

0.03


0.01


0.04


0.04

Restructuring charges

-


-


0.08


-

Tax adjustments

(0.26)


(0.19)


(0.69)


(0.38)

Non-GAAP net income per diluted share

$           2.50


$           1.70


$           4.90


$           3.22









Shares used in computing net income per diluted share amounts:

156,167


157,077


156,815


157,226









(1) Synopsys' second quarter of fiscal year 2022 and 2021 ended on April 30, 2022 and May 1, 2021, respectively. For presentation purposes, we refer to the closest calendar month end.

Reconciliation of 2022 Targets
The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP targets for the periods indicated below.

GAAP to Non-GAAP Reconciliation of Third Quarter Fiscal Year 2022 Targets (1)

(in thousands, except per share amounts)




 Range for Three Months



July 31, 2022



Low


High

Target GAAP expenses


$           981,000


$        1,001,000

Adjustments:





      Amortization of intangible assets


(24,000)


(27,000)

      Stock compensation


(127,000)


(134,000)

Target non-GAAP expenses


$           830,000


$           840,000
















Range for Three Months



July 31, 2022



Low


High

Target GAAP earnings per diluted share


$                 1.32


$                 1.44

Adjustments:





      Amortization of intangible assets


0.17


0.15

      Stock compensation


0.85


0.81

      Tax adjustments


(0.33)


(0.34)

Target non-GAAP earnings per diluted share


$                 2.01


$                 2.06






Shares used in non-GAAP calculation (midpoint of target range)


157,500


157,500



GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2022 Targets (1)

(in thousands, except per share amounts)




Range for Fiscal Year



October 31, 2022



Low


High

Target GAAP expenses


$        3,928,157


$        3,975,157

Adjustments:





      Amortization of intangible assets


(90,000)


(95,000)

      Stock compensation


(470,000)


(482,000)

      Acquisition-related costs


(6,100)


(6,100)

      Restructuring charges


(12,057)


(12,057)

Target non-GAAP expenses


$        3,350,000


$        3,380,000
















Range for Fiscal Year



October 31, 2022



Low


High

Target GAAP earnings per diluted share


$                 6.22


$                 6.40

Adjustments:





      Amortization of intangible assets


0.60


0.57

      Stock compensation


3.06


2.98

      Acquisition-related costs


0.04


0.04

      Restructuring charges


0.08


0.08

      Tax adjustments


(1.37)


(1.37)

Target non-GAAP earnings per diluted share


$                 8.63


$                 8.70






Shares used in non-GAAP calculation (midpoint of target range)


157,500


157,500







(1) Synopsys' third quarter of fiscal year 2022 and fiscal year 2022 will end on July 30, 2022 and October 29, 2022, respectively. For presentation purposes, we refer to the closest calendar month end.

Forward-Looking Statements

This press release contains forward-looking statements including, but not limited to, statements regarding Synopsys' short-term and long-term financial targets, expectations and objectives; strategies related to our products and technology; business and market outlook, opportunities and strategies; customer demand and market expansion; our planned product releases and capabilities; industry growth rates; software trends; planned acquisitions and stock repurchases; our expected tax rate; the expected impact of U.S. and foreign government actions and regulatory changes on our financial results; and the continued impact of the COVID-19 pandemic. These statements involve risks, uncertainties and other factors that could cause our actual results, time frames or achievements to differ materially from those expressed or implied in our forward-looking statements. Such risks, uncertainties and factors include, but are not limited to: risks from the continued impact of the COVID-19 pandemic on the global economy and on our business, operations and financial condition; macroeconomic conditions and uncertainty in the global economy; uncertainty in the growth of the semiconductor and electronics industries; the highly competitive industry we operate in; consolidation among our customers and our dependence on a relatively small number of large customers; risks and compliance obligations relating to the global nature of our operations as well as actions by the U.S. or foreign governments, such as the imposition of additional tariffs or export restrictions; and more. Additional information on potential risks, uncertainties and other factors that could affect Synopsys' results is included in filings we make with the Securities and Exchange Commission from time to time, including in the sections entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended October 31, 2021 and in our latest Quarterly Report on Form 10-Q. The information provided herein is as of May 18, 2022. Synopsys undertakes no duty, and does not intend, to update any forward-looking statement, whether as a result of new information, future events or otherwise, unless required by law.

SYNOPSYS, INC.

Unaudited Condensed Consolidated Statements of Income (1)

(in thousands, except per share amounts)



Three Months Ended


Six Months Ended


April 30,


April 30,


2022


2021


2022


2021

Revenue:








  Time-based products

$           723,821


$           648,794


$        1,431,304


$        1,280,084

  Upfront products

336,625


209,116


704,899


383,497

  Maintenance and service

218,783


166,413


413,281


331,063

      Total revenue

1,279,229


1,024,323


2,549,484


1,994,644

Cost of revenue:








  Products

150,690


134,738


316,089


262,085

  Maintenance and service

87,666


67,840


165,891


136,606

  Amortization of intangible assets

14,455


11,408


27,815


23,294

     Total cost of revenue

252,811


213,986


509,795


421,985

Gross margin

1,026,418


810,337


2,039,689


1,572,659

Operating expenses:








  Research and development

389,964


362,345


773,935


719,813

  Sales and marketing

191,573


172,754


372,083


343,382

  General and administrative

73,957


72,694


154,965


150,182

  Amortization of intangible assets

6,912


8,313


15,912


16,703

  Restructuring charges

311


-


12,057


-

     Total operating expenses

662,717


616,106


1,328,952


1,230,080

Operating income

363,701


194,231


710,737


342,579

Other income (expense), net

(23,913)


21,764


(43,706)


50,520

Income before income taxes

339,788


215,995


667,031


393,099

Provision for income taxes

45,896


21,193


59,798


36,269

Net income

293,892


194,802


607,233


356,830

Net income (loss) attributed to non-controlling interest and
redeemable non-controlling interest

(889)


(276)


(1,235)


(593)

Net income attributed to Synopsys

$           294,781


$           195,078


$           608,468


$           357,423









Net income per share attributed to Synopsys:








  Basic

$                 1.93


$                 1.28


$                 3.97


$                 2.34

  Diluted

$                 1.89


$                 1.24


$                 3.88


$                 2.27









Shares used in computing per share amounts:








  Basic

153,090


152,725


153,154


152,612

  Diluted

156,167


157,077


156,815


157,226









(1) Synopsys' second quarter of fiscal year 2022 and 2021 ended on April 30, 2022 and May 1, 2021, respectively. For presentation purposes, we refer to the closest calendar month end.

SYNOPSYS, INC.

Unaudited Condensed Consolidated Balance Sheets (1)

(in thousands, except par value amounts)






April 30, 2022


October 31, 2021



ASSETS:









Current assets:









  Cash and cash equivalents




$                   1,573,620


$                   1,432,840



  Short-term investments




146,901


147,949



          Total cash, cash equivalents & short-term investments




$                   1,720,521


$                   1,580,789



  Accounts receivable, net




722,992


568,501



  Inventories




213,532


229,023



  Prepaid and other current assets




417,201


430,028



          Total current assets




3,074,246


2,808,341



Property and equipment, net




491,641


472,398



Operating lease right-of-use assets, net




585,108


493,251



Goodwill




3,616,133


3,575,785



Intangible assets, net




333,321


279,132



Deferred income taxes




605,785


612,655



Other long-term assets




504,147


510,698



           Total assets




$                   9,210,381


$                   8,752,260












LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS' EQUITY:









Current liabilities:









  Accounts payable and accrued liabilities




$                      612,221


$                      741,191



  Operating lease liabilities, current




55,170


79,678



  Deferred revenue




1,795,267


1,517,623



  Short-term debt




-


74,992



           Total current liabilities




2,462,658


2,413,484



Operating lease liabilities, non-current




601,317


487,003



Long-term deferred revenue




165,911


136,303



Long-term debt




23,775


25,094



Other long-term liabilities




345,774


391,433



           Total liabilities




3,599,435


3,453,317



Redeemable non-controlling interest




43,516


-



Stockholders' equity:









  Preferred stock, $0.01 par value: 2,000 shares authorized; none outstanding


-


-



  Common stock, $0.01 par value: 400,000 shares authorized; 152,955 and







  153,062 shares outstanding, respectively




1,530


1,531



  Capital in excess of par value




1,517,481


1,576,363



  Retained earnings




5,157,633


4,549,713



  Treasury stock, at cost: 4,306 and 4,198 shares, respectively




(999,234)


(782,866)



  Accumulated other comprehensive income (loss)




(113,099)


(49,604)



           Total Synopsys stockholders' equity




5,564,311


5,295,137



  Non-controlling interest




3,119


3,806



           Total stockholders' equity




5,567,430


5,298,943



           Total liabilities, redeemable non-controlling interest and    
           stockholders' equity




$                   9,210,381


$                   8,752,260












(1) Synopsys' second quarter of fiscal year 2022 ended on April 30, 2022 and its fiscal year 2021 ended on October 30, 2021. For presentation purposes, we refer to the closest calendar month end.





SYNOPSYS, INC.

Unaudited Condensed Consolidated Statements of Cash Flows (1)

(in thousands)



Six Months Ended


April 30,


2022


2021

CASH FLOWS FROM OPERATING ACTIVITIES:




Net income attributed to Synopsys

$            608,468


$            357,423

Adjustments to reconcile net income to net cash provided by




operating activities:




Amortization and depreciation

111,962


100,066

Reduction of operating lease right-of-use assets

42,412


42,711

Amortization of capitalized costs to obtain revenue contracts

34,574


30,475

Stock-based compensation

205,832


163,368

Allowance for credit losses

(4,516)


10,051

Deferred income taxes

8,944


(16,461)

Other non-cash

6,244


(401)

Net changes in operating assets and liabilities, net of




acquired assets and liabilities:




Accounts receivable

(169,785)


157,637

Inventories

7,725


(38,305)

Prepaid and other current assets

(2,417)


(45,972)

Other long-term assets

(8,701)


(97,519)

Accounts payable and accrued liabilities

(181,008)


(96,798)

Operating lease liabilities

(43,963)


(41,105)

Income taxes

(34,246)


(8,386)

Deferred revenue

324,176


183,512

Net cash provided by operating activities

905,701


700,296





CASH FLOWS FROM INVESTING ACTIVITIES:




Proceeds from sales and maturities of short-term investments

43,653


-

Purchases of short-term investments

(45,158)


-

Proceeds from sales of long-term investments

582


-

Purchases of long-term investments

(7,000)


-

Purchases of property and equipment

(67,367)


(44,060)

Cash paid for acquisitions, net of cash acquired

(109,060)


(74,626)

Capitalization of software development costs

(1,065)


(1,264)

Other

(600)


(800)

Net cash used in investing activities

(186,015)


(120,750)





CASH FLOWS FROM FINANCING ACTIVITIES:




Repayment of debt

(75,938)


(13,194)

Issuances of common stock

120,710


103,203

Payments for taxes related to net share settlement of equity awards

(101,126)


(54,664)

Purchases of treasury stock

(500,000)


(398,082)

Other

(2,709)


(1,000)

Net cash used in financing activities

(559,063)


(363,737)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(19,955)


6,457

Net change in cash, cash equivalents and restricted cash

140,668


222,266

Cash, cash equivalents and restricted cash, beginning of year

1,435,183


1,237,970

Cash, cash equivalents and restricted cash, end of period

$         1,575,851


$         1,460,236









(1) Synopsys' second quarter of fiscal year 2022 and 2021 ended on April 30, 2022 and May 1, 2021, respectively. For presentation purposes, we refer to the closest calendar month end.


SYNOPSYS, INC.

Business Segment Reporting (1)(3)

(in millions)



Three Months


Three Months


Six Months


Six Months


Ended


Ended


Ended


Ended


April 30, 2022


April 30, 2021


April 30, 2022


April 30, 2021

Revenue by segment








- Semiconductor & System Design

$             1,166.4


$              930.4


$           2,329.1


$           1,808.8

% of Total

91.2%


90.8%


91.4%


90.7%

- Software Integrity

$                112.9


$                93.9


$              220.4


$              185.8

% of Total

8.8%


9.2%


8.6%


9.3%

Total segment revenue

$             1,279.2


$           1,024.3


$           2,549.5


$           1,994.6









Adjusted operating income by segment








- Semiconductor & System Design

$                457.2


$              308.8


$              904.5


$              587.7

- Software Integrity

$                  13.0


$                  8.4


$                25.0


$                16.4

Total adjusted segment operating income

$                470.2


$              317.2


$              929.5


$              604.1









Adjusted operating margin by segment








- Semiconductor & System Design

39.2%


33.2%


38.8%


32.5%

- Software Integrity

11.5%


9.0%


11.4%


8.8%

Total adjusted segment operating margin

36.8%


31.0%


36.5%


30.3%



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

(in millions)



Three Months


Three Months


Six Months


Six Months


Ended


Ended


Ended


Ended


April 30, 2022


April 30, 2021


April 30, 2022


April 30, 2021

GAAP total operating income – as reported

$                363.7


$             194.2


$             710.7


$              342.6

Other expenses managed at consolidated level








-Amortization of intangible assets

21.4


19.7


43.7


40.0

-Stock compensation

110.1


79.6


205.8


163.4

-Non-qualified deferred compensation plan

(29.3)


21.4


(48.9)


52.2

-Acquisition-related costs

4.0


2.3


6.1


5.9

-Restructuring charges

0.3


-


12.1


-

Total adjusted segment operating income

$                470.2


$             317.2


$             929.5


$              604.1









(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 segment results are consistent with the information required by ASC 280, Segment Reporting. They are presented to reflect the information that is considered by Synopsys' chief operating decision makers (CODMs) to evaluate the operating performance of its segments. The CODMs were Synopsys' two Co-Chief Executive Officers. One of Synopsys' Co-Chief Executive Officers transitioned out of this role effective May 1, 2022. Starting with the third quarter of fiscal 2022, Synopsys' CODM will be our Chief Executive Officer. The CODMs do 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. Amounts may not foot due to rounding.

(3) Synopsys' second quarter of fiscal year 2022 and 2021 ended on April 30, 2022 and May 1, 2021, respectively. For presentation purposes, we refer to the closest calendar month end.

INVESTOR CONTACT
Lisa L. Ewbank 
Synopsys, Inc. 
650-584-1901 
Synopsys-ir@synopsys.com 

EDITORIAL CONTACT
Simone Souza 
Synopsys, Inc. 
650-584-6454 
simone@synopsys.com

View original content:https://www.prnewswire.com/news-releases/synopsys-posts-financial-results-for-second-quarter-fiscal-year-2022-301550428.html

SOURCE Synopsys, Inc.

Posted In: EarningsPress Releases

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