Per product group, revenues from Core EDA (52% of total) inched up 2.3% to $412 million. Maintenance and service revenues (15%) surged 31% year over year to $123 million. Upfront revenues (8%) of $66 million fell 11% year over year. Segment wise, Time-Based Products revenues (76% of the total generated) came in at $605.6 million, up nearly 14.7% from the year-earlier period. Management noted that the company’s buyouts of Cigital and Black Duck are establishing tactical quality relations with clients, leading to higher demand creation, cross-selling and a substantial rise in brand recognition. Strong growth across all product groups and geographies impacted the top-line results. SNPS reported fourth-quarter fiscal 2018 non-GAAP earnings of 78 cents per share, in line with the Zacks Consensus Estimate but 13% higher than the year-ago quarter’s figure.Īlthough revenues jumped 14% year over year to $795, it matched the Zacks Consensus Estimate.
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