Synopsys (NASDAQ:SNPS) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.08 on revenue of $820.4M. Analysts polled by expected EPS of $0.97 on revenue of $795.83M. That compared to EPS of $1.1 on revenue of $769.43M in the same period a year earlier. The company had reported EPS of $0.78 on revenue of $795.08M in the previous quarter.
Synopsys follows other major Technology sector earnings this month
On January 30, Microsoft reported second quarter EPS of $1.1 on revenue of $32.47B, compared to forecasts of EPS of $1.09 on revenue of $32.47B.
Apple earnings beat analyst's expectations on January 29, with first quarter EPS of $4.18 on revenue of $84.31B. analysts expected EPS of $4.17 on revenue of $83.97B
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