Record Revenue and Growth
Synopsys achieved a record revenue of $6.13 billion in FY '24, up 15% year-over-year. EPS grew at a 24% CAGR over the last 5 years.
Strong Design Automation Performance
Design Automation revenue was up 17% in Q4 and 12% for the full year. Synopsys' Fusion Compiler and Synopsys.ai solutions contributed significantly.
Design IP Segment Success
The Design IP segment delivered 24% revenue growth with 5 points of adjusted operating margin accretion in FY '24.
Positive Outlook for FY '25
Anticipated double-digit revenue growth and a 40% operating margin for FY '25, supported by a strong backlog and strategic focus on AI and high-performance computing.
Ansys Acquisition Progress
The regulatory review of the Ansys acquisition is proceeding well, with expectations to close in the first half of 2025.