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Income Statement (USD)
Q3 '24 | QoQ | |
---|---|---|
Revenue | 1.53B | 4.9% |
Gross Profit | 1.24B | 7% |
Cost of Revenue | 291M | 3.2% |
Operating expense | 875M | 6.4% |
Net Income | 408M | 39.7% |
EBITDA | 411M | 12.4% |
Balance Sheet (USD)
Q3 '24 | QoQ | |
---|---|---|
Total Assets | 11.6B | 5.8% |
Total Liabilities | 3.9B | 2.1% |
Total Equity | 7.71B | 7.8% |
Shares Outstanding | 154M | 0.3% |
Cash Flow (USD)
Q3 '24 | QoQ | |
---|---|---|
Cash from operations | 455M | 4.4% |
Cash from investing | -54M | 51.9% |
Cash from financing | -57M | 274.4% |
EPS
Financial Highlights for Synopsys in Q3 '24
Synopsys reported a revenue of 1.53B, which is a 4.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.24B, marking a 7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 291M, a -3.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 875M, showing a 6.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 408M, showing a 39.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 411M, showing a 12.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Synopsys with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.