Synopsys releases third-quarter results

Synopsys, a provider of software and IP for semiconductor design, verification and manufacturing, has reported revenue of $336.9m (£215.9m) for its third quarter of fiscal year 2010, which compares with $345.2m for the third quarter of fiscal 2009.

GAAP net income was $39.3m, or $0.26 per share, compared with $47.4m, or $0.32 per share, for the third quarter of fiscal 2009.

Non-GAAP net income was $58.2m, or $0.39 per share, compared with non-GAAP net income of $68.3m, or $0.47 per share, for the third quarter of fiscal 2009.