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23.05.2019 20:29:00

Synopsys Boosts Guidance After a Solid Quarter

Synopsys (NASDAQ: SNPS), which makes specialty software used in the semiconductor industry, reported its fiscal year 2019 second-quarter results on Wednesday.Sales continued to grow at a moderate pace and management was also able to boost margins modestly and buy back some stock. The combination helped drive a double-digit jump on the bottom line. The upbeat results also enabled the company to favorably tweak its guidance for the full year. That's pretty impressive given that the Trump administration recently decided to place Chinese tech giant Huawei -- one of Synopsys' customers -- on a list of companies that can't buy U.S. tech products without the government's approval. MetricContinue reading
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