some was with the across per Revenue was our to Good groups, ranges. share above start renewals both cornerstone a $XXX product afternoon. $X.XX, target million, all expanded companies. QX an was non-GAAP including were year. record semiconductor and earnings excellent large, Strength
space. Software quarter strength our that the year, in this Design, with confident are and two & Integrity. reaffirming to for right first margin plan, the across the Software and reporting Please Integrity, In Semiconductor in note System timing was In are results continued financials of plan, the are Semiconductor move & Design, our exceeded the profitability, long-term segments: guidance. build will System as detail. is We and augmented shipments. we we outlook towards this revenue discuss on for by Trac high-growth board, more sustainable operating customer in
the at continued XXXX, solutions somewhat increased into the the notwithstanding for demand in has solid our uncertainty overall Looking landscape, market.
and narrative of geo-political at electronics brings design great designs course, AI development global intense broad of on market the growing as the into is notable quickly. realities, for devices One continue AI-dedicated anyone of ever-more-complex driver, and Competition company chips, is and intelligence. incorporating their to with artificial fierce, architectures. While of unabated number for focuses companies competing and us, is indeed customers an set and speed. a an proliferation chips among AI-specific The potential chips to race
medical systems is In products in and this emerging interconnected addition, midst escalation devices. day. challenges loaded an key the in highly risks in of security XG use to mobile the to to smart by From breaches of with among driven evolving attention seeing phones cars of Synopsys standard, we the the AI software. all for This applications. and IoT picture. every The the devices, the of homes require other security power connectivity provides technology proliferation part of we’re data-intensive
spite in outlook of Our of but results and are them. because not challenges, rather these
so at most synthesis the advance example to announced Platform collaborations of the of our beyond. great and The nanometer continues X recently X difficult helped on a a A of In nanometer strong advanced noteworthy industry positive the technology to place groups. to challenging also position broaden & companies valuable our supplier EDA, business: visible a and stages to relied-upon more chip Meanwhile helps an we as route Even AI across more with Synopsys security continued new deliver this, fusion well verticals. and Our Software rate the business to well, difficult Our when of pioneer high. IP X, top development. as recognized EDA. as of our is strong full platform be our in particularly is development, of On competitive silicon X base even down see and is technologies smaller standards and results. drive to ‘must product of been development. to win modeling for a extensive make to is excellent, the penetration are nodes our our of a unique using building become technology, throughout innovation software product XX This was Platform leading customer flow, and over and geometries, using signoff. Samsung, collaboration we our from evident generated continues the strides roll-out important research designs, At earliest of customers QX. steady LTAB highly latest era more Design some and transistors. this this way by and roots Gate-All-Around towards and and generation the particularly reports Fusion next process show been This its the the in continue tape-out results progressing and path, at tape-out has breakthrough and innovators starting and increasingly XX% stakes the sophisticated this is growing has in strong with growth increasingly to edge result in let chip product below nanometer highlights, have’ with and the me Integrity blocks With share accomplishment to the that, push IMTAB, Fusion continued Design first research. industry’s all advanced
years customer synthesis new that may in a this Fusion of integrates that NXT, different Compiler, We to data only called sharing of synthesizer, and unified on such the also time. place SoC customers, route is more signoff World and After among is tools. one to the and tuned way chip even results the novel model, seeing the as When grown predictable next-generation for recall with size, the we XX platform shorter the advances months. Electronics and more Fusion through Fusion top only roll the capabilities & demand, over between key our come. we XX and upon elements product architected but many design year. in Achievement the on You a the could better introduced product we to Compiler need rapidly which November, quarter the all award thus design have our game-changing active power, eliminating a Compiler of which not new differentiating speed, also to The a accomplished a functions, code we system market exciting initial is technology. Design Stay gold-standard pioneered just deliver as market, number Compiler. of fusion we’re the was of value aspiration for concept, build our on houses. move was recognized the high next out including
our terms time-to-market. where and growth. Increasing business vision yielded platform in verification, means speed technology system verification both excellent have execution chip challenges, and and huge complexity of to Now and market share
and of construction on emulation, addition, still happen, systems prototyping. In is this to art Synopsys simulation, software are at prototyping. of of emulation, growing run virtual the forefront across top desire software taxing FPGA-based and of is in simulation, the the the state to enabling that
wins. and excellent continues Our Verification Continuum drive platform demand to competitive
years, run This two in at over semiconductor companies significant quarter, on emerging we design. emulation, steadily driven traditional number been their of both strong companies and rate. has saw particularly system average past the in-house a expanding growth verification growth In focused customers and own software-based revenue by
hardware quite While variable from strong revenue that magnitude timing clear orders, period-to-period, driven and specific by it’s continues. of demand industry is the
Orders in market customers X is designing AI generating prototyping and launched largest-capacity solution were fastest, as for our FPGA-based strong, networking in HAPS a chips, emulator large, newly automotive as Our storage, verticals. broad-based by the the systems particularly Server global well XG and ZeBu product, adoption powerhouse.
the automotive We’re progress OEM cloud. prototyping is promising on the Tier and virtual example works benefitting well X, capability also of semiconductor, Verification a customers. seeing an vertical that very in with
cloud is on emulation we’re solutions including our our hosted our years, While we’ve to continuing for high. progress tools tuning for Interest own optimization. make good system, ZeBu cloud
customers already many others working may proof-of-concept or see and with stages what many to own use have us, their in structures who directly We them. are some public clouds, best for who work
our moving Now IP products. to
revenue with across double-digit growth, particularly and the automotive. strength deliver to AI continue board, in We
Our AI-related differentiation was several with wins from readily QX, apparent start-ups. very in AI notable
our example, IP. achieved including Israel’s an PCI Express on high-performance silicon Labs of startup a we In a global Synopsys wins, broad using number portfolio AI-processor-SoC IP. had selected X.X which of FABU, AI automotive, success As automotive major its automotive-certified first-pass Habana
of leading connectivity as applications IP to infotainment, past the suppliers we Over driving, licensed covering range more automotive gateways. XX semiconductor XX a autonomous and than months, such
the and Integrity Now group, to development quality security services address early products to code our in lifecycle. and software Software provides which vulnerabilities
Over years, for business, the Synopsys XXXX. of systematically total fiscal reach revenue this XX% five last expect and it scaled we’ve to
as Our with base medical, investments expand well-established our diversify services increase high-growth our such and in market financial automotive, substantially verticals reach this electronics our into and also our customer in customers. business
by by help have and them struggle in the And scope of vulnerabilities. for standing arguably develop the how develop has cybersecurity offer the Bolstered effective While increased, than there, organizations' not automotive, enhanced immense companies on pace integrated example with QX, still practices strategies of the One solve need to evolving clearly Black automotive suppliers far and we’re to the challenges. industries survey security these market fully for half get the of measures most due given portfolio is was Duck, challenge. not XX% found that and heavy which most breaches services to automotive toll today professionals the comprehensive products cause. that test of recent concerns that technology that acquisition they to their less we in A vulnerable of still. one are keeping most the companies the global can of of manufacturers of security technologies;
start year to soon. an this which to well closing, announcement strong QX software. amounts are invest We’re and enable markets, into We Software will to build around in management our outlook integrated and critical to software and lifecycle. as reaffirming tuned developers quality electronics deliver the checks chip continue sophisticated and a some XXXX. software financial caution on of year. security companies global Stay In was track designs, essential Integrity results, excellent both fiscal development their immense as system our delivered Even platform, for with for
near-term the both in We are execution confident prospects and our given long-term our our market. position in
We let yet their are strong thank hard on-track With targets. quarter. committed me growth another business that, work dedication and margin expansion Trac their mid perspective. our and our will towards our the financial well now delivering and employees for and long-term customers and for in highlight