Synopsys Inc. (SNPS, Financial) filed Annual Report for the period ended 2009-10-31.
Synopsys, Inc. is one of the leading suppliers of electronic design automation software to the global electronics industry. The company's products are used by designers of integrated circuits, including system-on-a-chip integrated circuits, and the electronic products that use such integrated circuits to automate significant portions of their chip design process. Integrated circuits are distinguished by the speed at which they run, their area, the amount of power they consume and the cost of production. Synopsys Inc. has a market cap of $3.05 billion; its shares were traded at around $20.94 with a P/E ratio of 16.3 and P/S ratio of 2.2.
Our research and development expenses, excluding capitalized software development costs, were $419.9 million, $394.7 million and $379.2 million in fiscal 2009, 2008 and 2007, respectively. Our capitalized software development costs were approximately $3.0 million, $3.0 million and $2.3 million in fiscal 2009, 2008 and 2007, respectively.
Read the The complete ReportSNPS is in the portfolios of Westport Asset Management, Third Avenue Management, Dodge & Cox, John Buckingham of AL FRANK ASSET MANAGEMENT INC, Paul Tudor Jones of The Tudor Group, David Dreman of Dreman Value Management.
Synopsys, Inc. is one of the leading suppliers of electronic design automation software to the global electronics industry. The company's products are used by designers of integrated circuits, including system-on-a-chip integrated circuits, and the electronic products that use such integrated circuits to automate significant portions of their chip design process. Integrated circuits are distinguished by the speed at which they run, their area, the amount of power they consume and the cost of production. Synopsys Inc. has a market cap of $3.05 billion; its shares were traded at around $20.94 with a P/E ratio of 16.3 and P/S ratio of 2.2.
Highlight of Business Operations:
Synopsys aggregate backlog was approximately $2.2 billion on October 31, 2009, representing a 15% decrease from aggregate backlog of $2.6 billion on October 31, 2008. This decrease was primarily due to the timing of large contract renewals, and to a lesser extent, the removal of under $50 million in 2009 backlog due to customer bankruptcies during the year. Aggregate backlog represents the portion of committed orders that has not yet been recognized as revenue. We expect backlog to fluctuate from year to year for several reasons, including specific timing and duration of large customer agreements and the schedule of when portions of that backlog are recognized as revenue. As an illustration, for a single customer contract, associated backlog is high at the beginning of a renewable contract, low just prior to renewal of the contract and high again when the contract is renewed. Low backlog attributable to a particular contract is typically associated with an impending renewal and may not be an indicator of likelihood of renewal or future revenue from such customer. Accordingly, we expect aggregate backlog to fluctuate from year to year depending upon the number and dollar amount of contracts at particular stages in their renewal cycle and such fluctuations are not a reliable indicator of future sales. Furthermore, backlog, particularly longer-term backlog, may not be a reliable predictor of our future sales as business conditions may change and technologies may evolve, and customers may seek to renegotiate their arrangements. For this and other reasons, we may not be able to recognize expected revenue from backlog when anticipated.Our research and development expenses, excluding capitalized software development costs, were $419.9 million, $394.7 million and $379.2 million in fiscal 2009, 2008 and 2007, respectively. Our capitalized software development costs were approximately $3.0 million, $3.0 million and $2.3 million in fiscal 2009, 2008 and 2007, respectively.
Read the The complete ReportSNPS is in the portfolios of Westport Asset Management, Third Avenue Management, Dodge & Cox, John Buckingham of AL FRANK ASSET MANAGEMENT INC, Paul Tudor Jones of The Tudor Group, David Dreman of Dreman Value Management.
