Synopsys Posts Financial Results for Fourth Quarter and Fiscal Year 2024/ 4 december
$Synopsys (SNPS.US)$ Results Summary
Record quarterly revenue of $1.636 billion, up approximately 11% year over year (YoY), exceeding the mid-point of guidance.
Quarterly GAAP earnings per diluted share (EPS) of $1.79; non-GAAP EPS of $3.40, up approximately 13% YoY, exceeding guidance.
Achieved record full-year 2024 revenue of $6.127 billion, up approximately 15% YoY, while improving non-GAAP operating margin and delivering approximately 25% non-GAAP EPS growth.
Expecting to deliver double digit revenue growth in 2025 while preparing for Ansys acquisition close, which remains on-track for the first half of 2025.
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Inner Yo : Why the drop on such a good quarter exceeding guidance?
Money Thrill OP Inner Yo : Indeed, i don't understand it but it happens sometimes, but when market opens it can go in another direction... not always in the beginning ... i seen it often . Perhaps manipulation of Hedge funds? I believe more in the fundamentals, not in short-term fluctuations of prices?
Money Thrill OP : And almost no volume in premarket and that is a bit misleading
Inner Yo Money Thrill OP : Article this morning from MooMoo’s Movers & Shakers wrote, “$Synopsys (SNPS.US)$ stock fell 8.2% after the chip design software firm forecast fiscal 2025 revenue below expectations thanks in part to a slump in China sales.”
But I also read that guidance was strong, better than forecasted.
Money Thrill OP : Indeed, always the same ... if it is under expectations it drops. But always buy moment. I wait to buy $Salesforce (CRM.US)$ and $ServiceNow (NOW.US)$ after results but it goes upwards. Very high now. It's sometimes the opposite of what we expect. But buy shall i these 2 companies ... only in don't know when