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

The primary purpose of this 8-K filing is to announce and provide Synopsys Inc.'s financial results for its first fiscal quarter ended January 31, 2010, through an attached press release (Exhibit 99.1).

What are non-GAAP financial measures, and why does Synopsys use them?

Non-GAAP financial measures are financial metrics that exclude certain items from the corresponding GAAP (Generally Accepted Accounting Principles) measures. Synopsys uses them to provide a view of operational performance and profitability by excluding items like stock-based compensation, amortization of acquired intangibles, and acquisition-related costs, which they believe do not reflect the core ongoing operations of the business. The company believes these measures offer valuable supplemental information to investors.

Where can I find the actual financial results for the quarter?

The actual financial results, including both GAAP and non-GAAP figures, are detailed in the press release furnished as Exhibit 99.1 to this 8-K filing. Investors should refer to that press release for specific numbers and performance details.

What specific items are excluded from Synopsys's non-GAAP measures in this report?

The filing states that Synopsys's non-GAAP measures typically exclude: (i) the impact of stock compensation, (ii) amortization of acquired intangible assets and in-process research and development, (iii) acquisition-related costs, (iv) certain legal settlements (like a tax benefit from an IRS settlement), and (v) the income tax effect of these non-GAAP adjustments.

SNPS 8-K: Earnings & Results

Summary

This 8-K filing from Synopsys Inc. (SNPS) on February 17, 2010, announces the company's financial results for its first fiscal quarter ended January 31, 2010. The report primarily serves to furnish the press release detailing these results, which is incorporated by reference. Investors should note that Synopsys is presenting both GAAP and non-GAAP financial measures in its earnings release. The non-GAAP measures are used by management for internal analysis and decision-making, excluding items such as stock compensation, amortization of acquired intangibles, acquisition-related costs, and certain legal settlements. The company believes these non-GAAP measures provide valuable supplemental information for understanding operational performance and trends. The key takeaway for investors is the disclosure of the company's quarterly performance through its associated press release. While the 8-K itself doesn't contain the specific financial figures, it directs readers to the press release for detailed results. The emphasis on non-GAAP metrics indicates the company's approach to highlighting core operational profitability by adjusting for non-cash or irregular items. Investors are advised to review the accompanying press release for the actual financial numbers and the specific definitions and calculations of these non-GAAP measures.

Key Highlights

1Synopsys, Inc. filed an 8-K on February 17, 2010, to report its first fiscal quarter (ended January 31, 2010) financial results.
2The filing includes a press release (Exhibit 99.1) containing the detailed financial results for the quarter.
3The company presents both GAAP and non-GAAP financial results in its earnings announcement.
4Non-GAAP measures are used by management to assess operational performance and exclude items like stock compensation and amortization of acquired intangibles.
5Synopsys believes non-GAAP measures offer valuable supplemental information to investors for analyzing business trends.
6The press release includes discussions on targeted non-GAAP expenses and earnings per share.
7The information furnished in this report is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.

SYNOPSYS INC 8-K Report, Financial Results (Feb 17, 2010)

Summary

Key Highlights

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