Synopsys reports results for fourth quarter and fiscal 2010

Semiconductor design, verification and manufacturing company Synopsys has reported results for its fourth quarter and fiscal year 2010.

For the fourth quarter of fiscal 2010, Synopsys reported revenue of $375.5m (£240.9m), compared to $338.3m for the fourth quarter of the previous year.

On a GAAP basis, net income for the fourth quarter of fiscal 2010 was $25.4m, or $0.17 per share, compared to $19.5m, or $0.13 per share, for the fourth quarter of fiscal 2010.

GAAP net income was $237m, or $1.56 per share, compared to $167.7m, or $1.15 per share, for fiscal 2009.