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Synopsys' Growth Accelerates

TheMotleyFool

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Synopsys' Growth AcceleratesPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/12e2798a-1095-4653-8f49-2a7aee633b4e.png

Synopsys (NASDAQ: SNPS), a software provider to the semiconductor industry, reported its fiscal year 2019 third-quarter results on Wednesday.

Synopsys reported sales growth of 9.4%, which was higher than management's guidance and represents a sequential acceleration. Operating leverage allowed net income to grow at a much faster rate than revenue. Management raised its full-year guidance in response to another strong quarter.

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Source Fool.com

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