Call Start: 11:00 January 1, 0000 11:33 AM ET
Synopsys, Inc. (NASDAQ:SNPS)
27th Annual Needham Growth Conference
January 16, 2025 11:00 AM ET
Company Participants
Shelagh Glaser – CFO
Conference Call Participants
Charles Shi – Needham & Company
Charles Shi
Good morning. Welcome to the 27th Annual Needham Growth Conference. My name is Charles Shi, I’m the semiconductor design software and IP analyst at Needham. With me here right now is Shelagh Glaser, Chief Financial Officer of Synopsys. Shelagh, thank you for being with us today.
Shelagh Glaser
Charles, great to be with you.
Charles Shi
Yeah. Thank you. Before we start, allow me to read the safe harbor statement from Synopsys. Today’s discussion may contain forward-looking statements related to Synopsys current outlook, expectations and beliefs, which are subject to certain risks and uncertainties that could cause actual results to differ. Please refer to Synopsys’ most recent SEC filings for a discussion of risk factors that may materially affect these statements.
Now let’s get started. Shelagh, the past month has obviously been tough for Synopsys stock, but there seems to be some confusion around the fiscal 2025 guidance you issued at the fiscal fourth quarter conference call. On a continuing basis, let me just quickly recap some of the key metrics. You guys guided 10.1% to 11.1% top line growth for the upcoming fiscal year and as well as it’s a more second half weighted, let’s say, 45 to 55 profile, when we look at the revenue split between the first half and the second half. Do you mind if we start there? And I’ll give you a chance to really recap and hopefully, clarify some of the misunderstandings around that guidance.
Shelagh Glaser
Certainly. Thanks for the question. So as we thought about guidance for 2025, it was really informed by three
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