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 firstname.lastname@example.org