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EX - 99.1 2 d142579dex991.htm EX - 99.1 INVESTOR CONTACT : Lisa L. Ewbank Synopsys , Inc. 650-584-1901 Synopsys-ir@synopsys.com EDITORIAL CONTACT : Simone Souza Synopsys , Inc. 650-584-6454 simone@synopsys.com Q1 2021 Financial Highlights • Revenue : $ 970.3 million Synopsys Posts Financial Results for First Quarter Fiscal Year 2021 Exhibit 99.1 PRESS RELEASE GAAP earnings per share : $ 1.03 Non - GAAP earnings per share : $ 1.52 MOUNTAIN VIEW , Calif . – Feb. 17 , 2021 - Synopsys , Inc. ( Nasdaq : SNPS ) today reported results for its first quarter fiscal year 2021. Revenue for the first quarter was $ 970.3 million , compared to $ 834.4 million for the first quarter of fiscal 2020 . “ The first quarter was a very good start to fiscal year 2021 , with strength across all geographies and product groups . We delivered financial results at or above guidance targets , initiated a $ 250 million stock repurchase , and are reaffirming our outlook for the year , " said Aart de Geus , chairman and co - CEO of Synopsys . “ Our markets are strong , as companies across vertical segments are racing to leverage big data , faster computation , and machine learning to differentiate themselves . Synopsys is at the heart of this wave of advanced technology . Our highly differentiated portfolio of solutions , including exciting new innovations in EDA , state - of - the - art IP blocks and leading software security products and services , is generating high demand and excellent growth . In fiscal 2021 , we expect to deliver low - to - mid teens non - GAAP earnings per share growth on revenue surpassing the $ 4 billion milestone and continued non - GAAP operating margin expansion , with more than $ 1 billion in operating cash flow . "