8-KEarnings & ResultsExhibits & Filings

SYNOPSYS INC 8-K Report, Financial Results (Feb 16, 2011)

Filed February 16, 2011For Securities:SNPS

Summary

This 8-K filing from Synopsys, Inc. (SNPS) on February 16, 2011, announces the company's financial results for its first fiscal quarter ended January 31, 2011. The report primarily incorporates by reference a press release detailing these results. Investors should note that Synopsys continues to provide and analyze financial performance using non-GAAP measures alongside GAAP figures. The company emphasizes that its non-GAAP reporting excludes items such as amortization of acquired intangible assets, stock compensation expenses, acquisition-related costs, and the impact of certain tax settlements. Synopsys believes these non-GAAP measures offer valuable insights into operational performance, liquidity, and the ability to invest in research and development, providing a better understanding of core business profitability and facilitating comparisons with historical results and competitors.

Key Highlights

  • 1Synopsys reported its financial results for the first fiscal quarter ended January 31, 2011.
  • 2The full financial results are detailed in a press release furnished as Exhibit 99.1 to this 8-K filing.
  • 3The company continues to present and utilize non-GAAP financial measures alongside GAAP measures for performance analysis.
  • 4Key exclusions from non-GAAP measures include amortization of acquired intangibles and stock compensation expenses.
  • 5Acquisition-related costs are also excluded from non-GAAP calculations.
  • 6Synopsys explains its rationale for using non-GAAP measures, citing their utility in assessing operational performance, liquidity, and investment capacity.
  • 7The report clarifies that non-GAAP information is supplementary and should be viewed in conjunction with GAAP measures.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Synopsys, Inc.'s financial results for its first fiscal quarter ended January 31, 2011. This information is primarily communicated through an attached press release.

Yes, the filing indicates that Synopsys provides and analyzes its financial results on both a GAAP (Generally Accepted Accounting Principles) basis and a non-GAAP basis. The non-GAAP measures are presented as supplementary information.

Synopsys typically excludes expenses such as amortization of acquired intangible assets, stock compensation expenses, acquisition-related costs, and the impact of specific tax settlements when calculating its non-GAAP measures.

Synopsys uses non-GAAP financial measures because management believes they provide meaningful supplemental information about the company's operational performance, liquidity, and ability to invest in research and development. These measures are used internally for budgeting, resource allocation, and performance comparisons.