Dylan McGrath, EE Times
(05/19/2010 6:37 PM EDT)
SAN FRANCISCO—EDA and IP vendor Synopsys Inc. Wednesday (May 19) reported revenue gains on a sequential and year-over-year basis for the three months ended April 30, as the company beat consensus analyst expectations for revenue and profit for the period.
Aart de Geus, Snynopsys Chairman and CEO, said while the company's core EDA business remains healthy, Synopsys' more recently established IP business made particular progress last quarter and is approaching a $200 million annual run rate. "This is not your grandmother's EDA company," said de Geus, noting that Synopsys has essentially built its IP offerings from zero over a period of about 10 years. "We are the key IP partner to many companies today and I expect it to continue to be a growing business for us."