Exhibit 99.1
NEWS RELEASE
INVESTOR CONTACT:
Lisa L. Ewbank
Synopsys, Inc.
650-584-1901
Synopsys-ir@synopsys.com
EDITORIAL CONTACT:
Simone Souza
Synopsys, Inc.
650-584-6454
simone@synopsys.com
Synopsys Replenishes Repurchase Authorization up to $500 Million
MOUNTAIN VIEW, Calif. – June 17, 2021 – Synopsys, Inc. (Nasdaq: SNPS) today announced that its Board of Directors has replenished its existing stock repurchase authorization up to $500 million.
“The replenishment of our repurchase authorization reinforces our ongoing commitment to generate sustainable, long-term shareholder value,” said Trac Pham, chief financial officer of Synopsys. “We continue to execute well on our strategy to balance strategic investments to grow the business, expand margins and return capital to stockholders.”
Synopsys’ Board of Directors originally approved the stock repurchase program in 2002 and has periodically replenished the program as funds are spent. The program does not obligate Synopsys to acquire any particular amount of common stock, and the program may be suspended or terminated at any time by the chief financial officer or the Board of Directors at their sole discretion.
About Synopsys
Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As an S&P 500 company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and offers the industry’s broadest portfolio of
