Reported 1 day ago
Shares of Synopsys Inc. (NASDAQ:SNPS) plummeted by 35.84% to a five-month low after disappointing earnings reported for the third quarter of fiscal year 2025, with net income decreasing by 40.56% to $242.5 million, despite a 13% rise in total revenues to $1.7 billion. The CEO acknowledged the challenging environment and underperformance of the IP business, emphasizing their commitment to enhancing competitive advantage and long-term growth.
Source: YAHOO