| (USD) | Jan 2024 | Q/Q |
|---|---|---|
| Revenue | 1.6B | +3% |
| Gross Profit | 1.3B | +4% |
| Cost Of Revenue | 329.2MM | -1% |
| Operating Income | 359.6MM | -16% |
| Operating Expenses | 960.4MM | +15% |
| Net Income | 449.1MM | +29% |
| R&D | 552.1MM | +13% |
| G&A | 138.4MM | +23% |
| Marketing | 263.4MM | +15% |
| Amortization | 27.1MM | -13% |
| Interest Expense | 1.3MM | - |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Synopsys to Sell Software Integrity Business in up to $2.1 Billion Deal
The semiconductor-design software provider Synopsys is selling its software -integrity unit to two private-equity companies, potentially boosting its cash profile. Clearlake Capital and Francisco Partners are buying Synopsys’ security-testing software business for $2.1 billion, including up to $475 million in cash payable when certain conditions are met. Synopsys stock was trading flat after the announcement.
(Bloomberg) -- Chip-design company Synopsys Inc. is selling its software integrity business to two private equity firms for as much as $2.1 billion in cash.Most Read from BloombergIsrael Rejects a Cease-Fire Plan for Gaza Embraced by HamasAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’Clearlake Cap
Synopsys is selling its Software Integrity Group business to Clearlake Capital Group and Francisco Partners in a transaction with a total value of up to $2.1 billion.
Reuters reported last week that the group had outbid competitors and was in advanced discussions to purchase the SIG unit, which offers application security testing for software developers. Synopsys CEO Sassine Ghazi said the move sharpened the company's focus on its core chip design business and would help capitalize on the "AI-driven era." Synopsys announced plans in late 2023 to divest its SIG unit.
Synopsys said on Monday it would sell its software integrity (SIG) unit to a private-equity group led by Clearlake Capital and Francisco Partners in a $2.1 billion deal, as it shifts its focus towards the AI chips market. and was in advanced discussions to purchase the SIG unit, which offers application security testing for software developers. Synopsys CEO Sassine Ghazi said the move sharpened the company's focus on its core chip design business and would help capitalize on the "AI-driven era...
Synopsys, Inc. (NASDAQ: SNPS) today announced it has entered into a definitive agreement with Clearlake Capital Group, L.P. ("Clearlake") and Francisco Partners, two global private equity firms, for the sale of its Software Integrity Group business in a transaction with a total value of up to $2.1 billion, including up to $475 million in cash payable upon Francisco Partners and Clearlake achieving a specified rate of return in connection with one or more liquidity transactions. Upon completion o
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The deal could reportedly be announced as early as next week if the talks proceed successfully.