Filing Flows › Synopsys (SNPS) › Q4 FY24
Synopsys (SNPS) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 19, 2024
Synopsys (SNPS) reported revenue of $1.6B for the fourth quarter fiscal 2024 (Q4 FY24), +11% from a year earlier and +7% from the quarter before. Operating margin was 19.0%, net earnings $1.1B (68.1% of revenue).
Synopsys, Q4 FY24: revenue $1.6B (+12% year over year), operating margin 19.0%, net earnings $1.1B, operating cash flow $563M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +7% | +11% |
| Gross profit | $1.3B | +2% | +7% |
| Operating profit | $311M | -14% | -27% |
| Net earnings | $1.1B | +173% | +219% |
| Operating cash flow | $563M | +24% | +73% |
| Free cash flow | $558M | +34% | +105% |
What changed
Revenue was $1.6B in Q4 FY24, up 11% year over year and up 7% from the previous quarter. Time-based products was the largest line at 51% of revenue.
Gross margin was 77.1%, down 3.4 points from a year earlier. Operating profit was $0.31B, a 19.0% margin (down 9.9 points year over year). Operating profit fell $0.11B even though revenue rose $0.17B versus a year earlier, so costs grew faster than sales. Operating expenses grew 26% against revenue growth of 11%. The fastest-growing cost line was General & admin (+68%). Net earnings were $1.1B, up 219% year over year ($1.1B including minority interests, which bore $0.02B of losses). The effective tax rate was 5.4%. Non-operating items added $0.85B, 73% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.56B (up 73% year over year), 51% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.15B of share-based compensation. Working capital and other items used $0.80B. Capital expenditures of $4.4M left free cash flow of $0.56B.
Questions
What was Synopsys' revenue in the fourth quarter fiscal 2024?
Synopsys (SNPS) reported revenue of $1.6B for the fourth quarter fiscal 2024 (Q4 FY24), +11% from a year earlier and +7% from the quarter before.
Was Synopsys profitable in the fourth quarter fiscal 2024?
Operating profit was $311M (19.0% of revenue) and net earnings $1.1B.
Source: Synopsys 10-K on SEC EDGAR.