Synopsys forecasts quarterly revenue largely above estimates
FILE PHOTO: The headquarters of Synopsys Inc., in Sunnyvale, California, U.S., October 23, 2024. REUTERS/Stephen Nellis/File photo
Synopsys forecast third-quarter revenue largely above Wall Street estimates on Wednesday, driven by strong demand for its semiconductor design software, as companies ramp up spending on AI chips.
The company projected current-quarter revenue between $1.76 billion and $1.79 billion, while analysts on average expect $1.76 billion, according to data compiled by LSEG.
Source: Reuters
