Synopsys reported robust financial results for fiscal year 2024, with revenue increasing 15% to $6.1 billion. Net income from continuing operations rose to $1.44 billion, while earnings per share reached $9.25. The company's Design Automation and Design IP segments both saw double-digit growth in adjusted operating income.Synopsys is preparing for its pending $35 billion acquisition of Ansys, expected to close in the first half of 2025. The company has secured $14.9 billion in committed debt financing, including a $10.6 billion bridge facility and a $4.3 billion term loan. To fund the deal, Synopsys completed the $1.4 billion divestiture of its Software Integrity business.Looking ahead, Synopsys anticipates continued growth across geographies in fiscal 2025, albeit with near-term challenges in China due to macroeconomic factors and trade restrictions. The company maintains a strong liquidity position with $4.1 billion in cash and investments as it prepares for the transformative Ansys merger.

Synopsys reported robust financial results for fiscal year 2024, with revenue increasing 15% to $6.1 billion. Net income from continuing operations rose to $1.44 billion, while earnings per share reached $9.25. The company's Design Automation and Design IP segments both saw double-digit growth in adjusted operating income.Synopsys is preparing for its pending $35 billion acquisition of Ansys, expected to close in the first half of 2025. The company has secured $14.9 billion in committed debt financing, including a $10.6 billion bridge facility and a $4.3 billion term loan. To fund the deal, Synopsys completed the $1.4 billion divestiture of its Software Integrity business.Looking ahead, Synopsys anticipates continued growth across geographies in fiscal 2025, albeit with near-term challenges in China due to macroeconomic factors and trade restrictions. The company maintains a strong liquidity position with $4.1 billion in cash and investments as it prepares for the transformative Ansys merger.