What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to publicly disclose Synopsys, Inc.'s financial results for its second fiscal quarter ended April 30, 2009. This is done through an attached press release.

What are the key exclusions from Synopsys's non-GAAP financial measures?

Synopsys's non-GAAP financial measures exclude three main items: the impact of share-based compensation expenses under SFAS 123(R), amortization of acquired intangible assets and in-process research and development, and the income tax effect related to these non-GAAP adjustments.

Why does Synopsys present non-GAAP financial results?

Synopsys presents non-GAAP results because management believes they provide a more meaningful view of operational performance, liquidity, and the company's ability to invest in research and development, acquisitions, and capital expenditures. They are used internally for budgeting and strategic decisions and to facilitate comparisons with historical results and competitors.

Are the non-GAAP financial measures presented in this filing considered a replacement for GAAP results?

No, Synopsys explicitly states that its non-GAAP measures are not in accordance with, or an alternative for, U.S. generally accepted accounting principles (GAAP). They are presented as supplemental information to the GAAP measures and should be viewed in conjunction with them, not in isolation.

SNPS 8-K: Earnings & Results

Summary

Synopsys, Inc. (SNPS) filed an 8-K on May 20, 2009, to report its financial results for the second fiscal quarter ended April 30, 2009. The filing primarily consists of a press release announcing these results, which were presented using both GAAP and non-GAAP financial measures. Investors should note that the company emphasizes its use of non-GAAP metrics to provide a clearer view of operational performance, excluding items like share-based compensation and amortization of acquired intangibles. The company's management believes these non-GAAP measures are valuable for understanding operational performance, budgeting, resource allocation, and comparing results to historical data and competitors. While these non-GAAP figures are not standard U.S. GAAP, Synopsys provides them alongside GAAP measures to offer a more comprehensive financial picture for investors.

Key Highlights

1Synopsys, Inc. reported its second fiscal quarter 2009 financial results on May 20, 2009.
2The 8-K filing includes a press release with detailed financial results for the quarter ended April 30, 2009.
3The company presented both GAAP and non-GAAP financial results, with a strong emphasis on non-GAAP measures.
4Non-GAAP results exclude share-based compensation (SFAS 123(R)), amortization of acquired intangible assets, and in-process R&D.
5Synopsys management uses non-GAAP measures to assess operational performance, budget, and compare with competitors.
6The company cautions that non-GAAP measures are not a substitute for GAAP and are presented to supplement GAAP reporting.

SYNOPSYS INC 8-K Report, Financial Results (May 20, 2009)

Summary

Key Highlights

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