Synopsys Inc. (SNPS, Financial) filed Quarterly Report for the period ended 2011-01-31.
Synopsys Inc. has a market cap of $4.08 billion; its shares were traded at around $27.32 with a P/E ratio of 21.9 and P/S ratio of 3. Synopsys Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Synopsys Inc. the business predictability rank of 2-star.Hedge Fund Gurus that owns SNPS: Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC, George Soros of Soros Fund Management LLC. Mutual Fund and Other Gurus that owns SNPS: Westport Asset Management, RS Investment Management, Third Avenue Management, David Dreman of Dreman Value Management.
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Synopsys Inc. has a market cap of $4.08 billion; its shares were traded at around $27.32 with a P/E ratio of 21.9 and P/S ratio of 3. Synopsys Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Synopsys Inc. the business predictability rank of 2-star.Hedge Fund Gurus that owns SNPS: Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC, George Soros of Soros Fund Management LLC. Mutual Fund and Other Gurus that owns SNPS: Westport Asset Management, RS Investment Management, Third Avenue Management, David Dreman of Dreman Value Management.
Highlight of Business Operations:
Our revenue in any fiscal quarter is equal to the sum of our time-based license, upfront license, maintenance and professional service and hardware revenue for the period. We derive time-based license revenue in any quarter largely from TSL orders received and delivered in prior quarters and to a smaller extent due to contracts in which revenue is recognized as customer installments become due and payable and from contingent revenue arrangements. We derive upfront license revenue directly from term and perpetual license and hardware product orders mostly booked and shipped during the quarter. We derive maintenance revenue in any quarter largely from maintenance orders received in prior quarters since our maintenance orders generally yield revenue ratably over a term of one year. We also derive professional services revenue primarily from orders received in prior quarters, since we recognize revenue from professional services as those services are delivered and accepted, not when they are booked. Our license revenue is sensitive to the mix of TSLs and perpetual or term licenses delivered during a reporting period. A TSL order typically yields lower current quarter revenue but contributes to revenue in future periods. For example, a $120,000 order for a three-year TSL delivered on the last day of a quarter typically generates no revenue in that quarter, but $10,000 in each of the twelve succeeding quarters. Conversely, perpetual and term licenses with greater than 75% of the license fee due within one year from shipment typically generate current quarter revenue but no future revenue (e.g., a $120,000 order for a perpetual license generates $120,000 in revenue in the quarter the product is delivered, but no future revenue). Additionally, revenue in a particular quarter may also be impacted by perpetual and term licenses in which less than 75% of the license fees and 100% of the maintenance fees are payable within one year from shipment as the related revenue will be recognized as revenue in the period when customer payments become due and payable.Read the The complete Report
