(Mentor Graphics, Mentor, Nucleus and Capital are registered trademarks of Mentor Graphics Corporation. All other company and/or product names are the trademarks and/or registered trademarks of their respective owners.)
Statements in this press release regarding the company’s guidance for future periods constitute “forward-looking” statements based on current expectations within the meaning of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company or industry results to be materially different from any results, performance or achievements expressed or implied by such forward-looking statements.
On October 20, 2011 SpringSoft, Inc. (TAIEX: 2473) announced consolidated revenue of NT$565.144 million, net income of NT$147.380 million, and earnings per share of NT$0.73 for the third quarter ended September 30, 2011. (NT$ = New Taiwan dollars).
In US dollars, these results correspond to Q3 2011 revenue of US$19.509 million, Q3 2011 net income of US$5.085 million, and Q3 2011 earnings per share of US$0.03.
In the prior sequential Q2 2011, consolidated revenue was
NT$561.083 million, net income of NT$134.453 million, and earnings per share of NT$0.65.
In US$, these results translate to Q2 2011 consolidated revenue of US$19.269 million, Q2 2011 net income of US$4.620 million, and Q2 2011 earnings per share of US$0.02.
In the year ago Q3 2010, consolidated revenue was US$17.09 million and net income was US$4.42 million.
Third‐quarter 2011 NT$ revenue increased 0.72% sequentially from the 2011 second quarter and 1.24% in US$. Third‐quarter 2011 NT$ revenue increased year‐over‐year 3.1% vs. Q3 2010, and 14.15% in US$.
Q3 2011 net income in NT$ increased 9.6% from the prior Q2 2011 and increased 4.2% in NT$ from the year‐ago Q3 2010 quarter.
Year‐over‐year, revenue for nine months ended September 30, 2011 increased 4.6% while net income increased 9.0%, in NT$. Accumulated EPS stands at NT$2.05 for nine months of 2011.
“We achieved our Q3 sales target for all product lines. Although we do have concerns about the global economic situation, we are still cautiously optimistic about the level of our Q4 business,” said Johnson Teng, COO of SpringSoft.
“In Q3 2011, we also successfully launched the 'Verdi Interoperability Apps (VIA)' program to the market. VIA provides the open architecture that makes interoperability possible for all Verdi users and application developers. This is a strategic move for SpringSoft and I believe it will provide great value to our customers as well as to all industrial partners,” concluded Teng.
SpringSoft self description
SpringSoft, Inc. is a global supplier of specialized automation technologies that accelerate engineers during the design, verification and debug of complex digital, analog and mixed‐signal ICs, ASICs, microprocessors, and SoCs. Its award‐winning product portfolio features the Novas™ Verification Enhancement and Laker Custom IC Design solutions used by more than 400 of today's leading IDM and fabless semiconductor companies, foundries, and electronic systems OEMs. Headquartered in Hsinchu, Taiwan, SpringSoft is the largest company in Asia specializing in IC design software and a recognized industry leader in customer service with more than 400 employees located in multiple R&D sites and local support offices around the world. For more information, visit www.springsoft.com.
On November 30, 2011 Synopsys, Inc. (NASDAQ: SNPS), a world leader in software and IP used in the design, verification and manufacture of electronic components and systems, reported results for its fourth quarter and fiscal year 2011. Synopsys' fourth fiscal quarter corresponds to nominal Q3 2011 used by the EDA WEEKLY.
For nominal Q3 2011, Synopsys reported revenue of $390.534 million, up 4.02% YOY compared to $375.459 million for nominal Q3 2011, and up 0.97 % compared to $386.795 million for sequential Q2 2011. Revenue guidance for nominal Q3 2011 provided 3 months ago was somewhere between $386 million and $392 million.
Revenue for Synopsys' fiscal year 2011 was $1.536 billion, an increase of 11.2% from $1.38 billion in fiscal 2010.
"Synopsys had an outstanding fiscal 2011, with double-digit revenue and non-GAAP earnings per share growth," said Dr. Aart de Geus, chairman and CEO of Synopsys. "Our customers continue to drive design aggressively, even in the context of economic uncertainty."
"Our combination of advanced technology and support expertise is helping to solve the most pressing technical challenges. Synopsys' financial strength and predictable business model support an objective of double-digit non-GAAP earnings per share growth in fiscal 2012," said de Geus.
On a generally accepted accounting principles (GAAP) basis, net income for Net Income for nominal Q3 2011 was $39.942 million, or $0.27 per share, up 57.24% compared to $25.401 million, or $0.17 per share, for nominal Q3 2010, but down 23.31% compared to $52.082 million and $0.35 per share in sequential Q2 2011. Earnings guidance provided 3 months ago for nominal Q3 2011 was for $0.26 to $0.31 per share.
GAAP net income for fiscal year 2011 was $221.4 million, or $1.47 per share, down 6.62% compared to $237.1 million, or $1.56 per share, for fiscal 2010.
EDA WEEKLY readers are reminded here, that during the past year Synopsys experienced one of those distortions due to a tax situation from another period, albeit a positive distortion: Synopsys’ net income for nominal Q1 2011 included a one-time $32.8 million, or $0.21 per share, tax benefit associated with a settlement with the IRS for audits for fiscal years 2006 through 2009.
Synopsys also provided its financial targets for nominal Q4 2011. These targets do not include any impact of future acquisition-related activities such as the acquisition of MAGMA announced November 30, 2011. The following targets constitute forward-looking information and are based on current expectations. For a discussion of factors that could cause actual results to differ materially from these targets, see "Forward-Looking Statements" below.
Nominal Q4 2011 Targets:
- Revenue: $412 million - $420 million
- GAAP expenses: $340 million - $357 million
- Other income and expense: $0 - $2 million
- Fully diluted outstanding shares: 145 million - 149 million
- GAAP earnings per share: $0.33 - $0.38
- Revenue from backlog: greater than 90%