Investor Alert

Dec. 4, 2019, 4:43 p.m. EST

Synopsys beats Q4 sales, adjusted profit views

By Micah Maidenberg

Synopsys Inc. (NAS:SNPS) generated $851.1 million in revenue in its fiscal fourth quarter, up from $795.1 million for the same period a year ago.

Analysts predicted the software company would book $847 million in revenue, according to FactSet.

Net income at Snyopsys fell to $160.7 million, or $1.04 a share, from $254.3 million, or $1.66 a share, a year earlier.

The company reported a profit of $1.15 a share after excluding stock-based compensation and certain other costs. That was two cents better than expected.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

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