=Synopsys (SNPS) reported earnings on Wed 22 Aug 18 (a/h)

Synopsys beats by $0.03, reports revs in-line; guides Q4 above consensus (raises FY outlook)

• Reports Q3 (Jul) earnings of $0.95 per share, excluding non-recurring items, $0.03 better thanthe S&P Capital IQ Consensus of $0.92; revenues rose 12.1% year/year to $779.7 mln vs the $773.61 mln S&P Capital IQ Consensus.
• Co issues upside guidance for Q4, sees EPS of $0.76-0.80, excluding non-recurring items, vs. $0.71 S&P Capital IQ Consensus; sees Q4 revs of $774-804 mln vs. $764.05 mln S&P Capital IQ Consensus. 
• Raises FY18 EPS to $3.89-3.93 vs. $3.81 consensus on revenue of $3.10-3.13 bln vs. $3.08 bln consensus from $3.76-3.83 and $3.07-3.10 bln.
• "Synopsys delivered another outstanding quarter and is raising revenue and non-GAAP earnings per share guidance for the year. The age of digital intelligence is driving significant investments by traditional and new semiconductor and systems companies, as well as software developers across many industries. Our strategic investments over the past several years are paying off. Strong products and customer relationships in EDA and IP, as well as our rapid growth in software security and quality, are leading to double-digit revenue and non-GAAP earnings growth in 2018," said Aart de Geus, chairman and co-CEO of Synopsys. "This backdrop provides a solid foundation for continued growth and increased operating leverage in the business."