"We are confident in our outlook for continued, double-digit revenue growth in the year ahead based on our technology leadership, strong customer momentum and the resiliency of our time-based business model." In 2023, on a non-GAAP basis, record earnings per share were up 26% year-over-year, we achieved record operating margins, and expanded our backlog to $8.6 billion," said Synopsys CFO, Shelagh Glaser. "We had strong execution and outperformed our guidance in the fourth quarter, which capped a record financial year for Synopsys. I am profoundly grateful for the opportunity to propel Synopsys to the next wave of growth as its CEO." "We start 2024 with tremendous forward momentum driven by a resilient business model, technology trends – chief among them AI – that create a rising tide for our business, and customers who continue to prioritize investments in the chips and systems that position them for the future. I want to extend my deepest thanks to our team for their stellar execution and to our partners and customers for their commitment," said Sassine Ghazi, president and COO of Synopsys. "Despite global macroeconomic uncertainty, 2023 was a year of record revenue and profitability for Synopsys as silicon R&D and design-starts remain robust. Looking ahead, I have great confidence, expectations, and enthusiasm for our future as Sassine Ghazi becomes Synopsys' CEO." We also visibly strengthened our customers' differentiation through unique and deep collaborations. "Our momentum continued in 2023 as we substantially expanded our AI-driven design differentiation, our semiconductor IP portfolio, and our multi-die system solutions. This not only enabled the exponential ambition of the semiconductor industry, it, in turn, radically impacted the world," said Aart de Geus, chair and CEO of Synopsys. "In our 37 years as a company, Synopsys has driven a roughly 10 million-fold increase in chip design productivity. Revenue for fiscal year 2023 was $5.843 billion, an increase of approximately 15% from $5.082 billion in fiscal year 2022. Revenue for the fourth quarter of fiscal year 2023 was $1.599 billion, compared to $1.284 billion for the fourth quarter of fiscal year 2022. (Nasdaq: SNPS) today reported results for its fourth quarter and fiscal year 2023. Fiscal year GAAP earnings per diluted share of $7.92 non-GAAP earnings per diluted share of $11.19, which exceeded high end of guidance. - Quarterly GAAP earnings per diluted share of $2.26 non-GAAP earnings per diluted share of $3.17, which exceeded high end of guidance.Record fiscal-year revenue of $5.843 billion, up approximately 15% year over year. - Record quarterly revenue of $1.599 billion, up approximately 25% year over year.For this purpose, General Ledger Accounting contains the Functional Area dimension. You can perform cost of sales accounting in General Ledger Accounting. For this purpose, General Ledger Accounting contains the Segment dimension. General Ledger Accounting supports the segment reports required by the accounting principles IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted Accounting Principles). Furthermore, you can generate financial statements for any dimension (such as profit center). For this purpose, the Profit Center Accounting functions are integrated with General Ledger Accounting. In General Ledger Accounting, you can perform internal management reporting in parallel with legal reporting. Integration of Legal and Management Reporting General Ledger Accounting allows you to perform parallel accounting by managing several parallel ledgers for different accounting principles. Beyond fulfilling the legal requirements, General Ledger Accounting also fulfills other requirements for modern accounting:
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |