Synopsys Posts Financial Results for Third Quarter Fiscal Year 2023

 

SYNOPSYS, INC.

Business Segment Reporting (1)(2)

(in millions)







Three Months Ended
July 31, 2023

Three Months Ended
July 31, 2022

Nine Months Ended
July 31, 2023

Nine Months Ended
July 31, 2022


Revenue by segment





- Design Automation

$                        1,004.2

$                           816.5

$                     2,821.5

$                     2,438.1

% of Total

67.6 %

65.4 %

66.4 %

64.2 %

- Design IP

$                           350.2

$                           313.0

$                     1,029.1

$                     1,020.4

% of Total

23.5 %

25.1 %

24.3 %

26.9 %

- Software Integrity

$                           132.9

$                           118.3

$                        392.9

$                        338.8

% of Total

8.9 %

9.5 %

9.3 %

8.9 %

Total segment revenue

$                        1,487.3

$                        1,247.8

$                     4,243.5

$                     3,797.3






Adjusted operating income by segment





- Design Automation

$                           415.7

$                           297.2

$                     1,121.8

$                        911.9

- Design IP

$                             86.7

$                             83.6

$                        290.6

$                        373.5

- Software Integrity

$                             22.4

$                             11.3

$                          56.3

$                          36.3

Total adjusted segment operating income

$                           524.8

$                           392.1

$                     1,468.6

$                     1,321.7






Adjusted operating margin by segment





- Design Automation

41.4 %

36.4 %

39.8 %

37.4 %

- Design IP

24.7 %

26.7 %

28.2 %

36.6 %

- Software Integrity

16.9 %

9.5 %

14.3 %

10.7 %

Total adjusted segment operating margin

35.3 %

31.4 %

34.6 %

34.8 %


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