December 31, 2012
The EDA and MCAD/MCAE Almanac - Nominal Q3 2012 Part A: EDA Industry
by Russ Henke - Contributing Editor
Posted anew every four weeks or so, the EDA COMMENTARY delivers to its readers information concerning the latest happenings in the EDA industry, and at least once a quarter also covers similar happenings in the MCAD/MCAE space, reporting on vendors, products, finances and new developments. Frequently, feature articles on selected public or private EDA & MCAD/MCAE companies are presented. Brought to you by EDACafe.com. If we miss a story or subject that you feel deserves to be included, or you just want to suggest a future topic, please contact us! Questions? Feedback?
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Introduction
This is the DECEMBER 31, 2012 edition of the COMMENTARY entitled, “The EDA and MCAD/MCAE Almanac – Nominal Q3 2012 - Part A: EDA Industry.”
NOTE:
Part B: MCAD/MCAE Industry will appear in late January 2013
Background to Part A
Over the almost 10 years since early 2003, Henke Associates has regularly posted articles in IBSystems’ Newsletters EDACafe.com and MCADCafe.com. These postings dealt with varied topics about the EDA and MCAD industries, but they were anchored by Quarterly Commentaries, WEEKLIES, and Almanacs that discussed the financial and related corporate issues of high tech software vendors in the fields of Electronic Design Automation (EDA), Electronics Intellectual Property (Electronics IP), and in the companion fields of mechanical computer aided design (MCAD) and mechanical computer aided engineering & analysis (MCAE).
Familiar vendor names have included Cadence, Mentor Graphics, Synopsys and others in EDA; ARM Holdings, Rambus and others in Electronics IP; and ANSYS, Autodesk, Dassault Systemes, PTC and others in MCAD/MCAE. past EDA, Electronics IP and MCAD/MCAE Commentaries tended to run daily for a full calendar quarter; and past EDA WEEKLIES ran daily for at least four weeks.
In the Quarterly Commentaries during 2012 in particular, an attempt was made to establish a pattern each quarter of variable topics the first month, the Electronics IP Commentary the second month, and the EDA & MCAD/MCAE Almanac the third month. This attempt was successful in a macro sense, but as often happens in the course of any 12 month span, there are always surprise but informative events, crises and fresh opportunities that interfere with a logical plan, but that make this avocation so compelling.
So instead of the pattern suggested above, which would have yielded just 12 articles, the current December 31 posting makes (17) seventeen articles released by this Contributing Editor for 2012. The Contributing Editor is also grateful for the occasional assistance of several talented guest contributors who participated during 2012.
The following lists the dates and titles of the 2012 seventeen:
- January 10, 2012 article on "Blurring the line between EDA and Test" in EDA WEEKLY, click here.
- February 06, 2012 article on "Silicon Valley - EDA Magnet!" in EDA WEEKLY, click here.
- February 19, 2012 article on "Silicon Valley - EDA Magnet! - Part II" in EDA BLOGS, click here.
- MARCH 05, 2012 article on "ELECTRONICS IP Industry - Q4 2011," in EDA WEEKLY, click here.
- APRIL 03, 2012 article on "EDA Industry Almanac - Nominal Q4 2011," in EDA COMMENTARY, click here.
- APRIL 23, 2012 BLOG on "EDA & MCAD/MCAE Industry mini-Almanac - Nominal Q4 2011," in EDA COMMENTARY, click here.
- MAY 07, 2012 article on "MORNING AT THE OASYS," in EDA OMMENTARY, click here.
- MAY 25, 2012 article "Electronics IP Industry - Q1 2012"," in EDA COMMENTARY, click here.
- June 25, 2012 article "The EDA and MCAD/MCAE Almanac – Nominal Q1 2012"," in EDA COMMENTARY, click here.
- July 26, 2012 article "A VISIT TO UNIQUIFY"," in EDA COMMENTARY, click here.
- July 27, 2012 BLOG in "EDA & MCAD/MCAE Almanac - Q2 2012 Parts I and II"," in EDA COMMENTARY, click here.
- August 22, 2012 article "Electronics IP Industry - Q2 2012"," in EDA COMMENTARY, click here.
- SEPTEMBER 14, 2012, COMMENTARY article "The EDA & MCAD/MCAE Almanac - Nominal Q2 2012: CHAPTERS ONE & TWO" in EDACafe, click here.
- OCTOBER 08, 2012, COMMENTARY article "The EDA & MCAD/MCAE Almanac - Nominal Q2 2012: CHAPTERS THREE & FOUR" in EDACafe, click here.
- November 05, 2012 BLOG on "MDC TLA COMPETITION 2012 BEHOLD: THE WINNERS"," in EDA COMMENTARY, click here.
- December 04, 2012 INTRODUCTORY BLOG that leads you to the December 4, 2012 EDA COMMENTARY entitled, "The Electronics IP Industry - Q3 2012", click here.
- December 31. 2012 COMMENTARY article "The EDA & MCAD/MCAE Almanac - Nominal Q3 2012 – Part A: EDA Industry”, the current article.
The DECEMBER 31, 2012 COMMENTARY – Part A
This issue reports on the Nominal Q3 2012 financial results of the following EDA vendors:
Selection History of Vendor Coverage Choices for EDA
For the quarterly EDA Industry Commentaries published in EDACafe.com starting in May 2003, Henke Associates chose nine (9) publicly-traded entities: Altium, Ansoft, Cadence, Magma, Mentor Graphics, Nassda, Synopsys, Synplicity and Verisity.
Subsequently, Verisity and Nassda were acquired by EDA vendors Cadence and Synopsys, respectively, and hence were dropped from independent coverage in quarterly EDA Commentaries. More recently, EDA vendor Synplicity was acquired by Synopsys, and EDA vendor Ansoft was acquired by MCAE vendor ANSYS. Consequently, both Synplicity and Ansoft no longer independently appeared in the EDA postings
After being included in these pages as a charter member of the quarterly EDA Group from 2003 through 2010, Altium was replaced by SpringSoft for 2011 coverage.
Since the Synopsys acquisition of MAGMA was fully consummated during the early part of 2012, MAGMA financials are now subsumed by those of Synopsys; accordingly, MAGMA has been eliminated from our EDA list.
Now that Synopsys is also absorbing SpringSoft, this December 31, 2012 issue of the EDA COMMENTARY will SKIP the Q3 SpringSoft financial results reported as a stand-alone entity; the prior quarterly contributions to the EDA group by SpringSoft has been removed. SpringSoft had been a member of the EDA G5 for seven consecutive quarters.
As documented last quarter, Altium Limited has been restored to the EDA Group for reporting purposes, having had an excellent quarter in Q2 2012 to cap its fiscal year.
The Details on the EDA Vendors for Nominal Q3 2012
This writer included Altium as a primary group member when he first began posting the EDA Commentary on EDACafe.com in 2003. The writer often featured Altium in his articles because Altium seemed forever poised for big successes.
Altium was until recently an Australia-headquartered company engaged in the development and sale of computer software for the design of Printed Circuit Boards.
For the fifth EDA Weekly article in this series (March 01, 2010), we focused on Altium as a worldwide EDA vendor based outside the United States, with headquarters in Sydney, New South Wales (NSW), Australia.
In fact, Altium's world headquarters were then located on the 'upper north shore' in Belrose, some 17 miles and 40 minutes by car from the Sydney city center - an attractive HQ location, to be sure.
In as much as trips by this writer to each company HQ's were part of the "necessary" activity to score most of the interviews associated with his EDA Weeklies then-to-date, (e.g. hot spots like San Jose, Fremont, Santa Rosa, …), fantasizing about a sojourn to Sydney certainly seemed in order. Until of course it was mentioned that Sydney was 7,420 air miles from San Francisco (or 14,166 miles through Hawaii and Japan to Australia by sea kayak).
Thereupon the writer re-focused his sights on a visit to Carlsbad, CA, the highly-desirable location of the Altium HQ for North America, and base for one Gerry Gaffney, who was at that time to be one of the writer's main Altium interviewees in any case.
Known for its fine golf courses and seven miles of beaches, Carlsbad is a scenic coastal community located 35 miles north of San Diego (and only 465 miles by car (8 hours) from the writer's Albany CA office). Right on! The golf clubs were already packed!
Well, OK, so Altium's Carlsbad office isn't exactly on the Pacific coast. Indeed the Altium office is located inland at 3207 Grey Hawk Ct, east of Carlsbad nearly 10 miles, halfway to Escondido:
In the final analysis, it turns out that Gerry Gaffney actually resided in the San Francisco Bay Area and simply commuted to Carlsbad as needed. In fact, Gerry and his family had dwelled for the previous five years in Los Gatos CA, located in the southwestern corner of the SF South Bay:
The writer's Albany CA office is a mere 58 miles away, located near the northeastern shore of the SF North Bay, from which both the Oakland Bay Bridge and the Golden Gate Bridge can be seen on a clear day:
Naturally, on Interview Day, Gerry was -- you guessed it -- right here in the SF Bay Area. So much for the writer's fantasy of an exotic trip. Ce n'est pas grave.
Interview Day:
Happily, all arrangements for the initial interview of Altium's Gerry Gaffney were set up by one Jeff Hardison of McClenahan Bruer Communications, Portland, Oregon, 97201. At that juncture, McBru had represented Altium in North America since September 2009.
Gerry Gaffney was originally tapped by this writer to speak for Altium overall, because Gerry had recently been promoted (on November 19, 2009) to Regional CEO of the Americas for Altium. Gerry's former title at Altium had been “Senior VP & GM of Americas Operations,” a sales & support organization. (For Altium, “The Americas” mean both North and South America).
Gerry Gaffney's Background:
Gerry had joined Altium in that Americas Operations capacity in December 2007, having parted some two months earlier from an eleven-year tenure at Cadence. During the last portion of his Cadence experience, Gerry worked in Silicon Valley reporting directly to Kevin Bushby, then the EVP of Worldwide Field Operations for Cadence. During that period, Gerry was involved in structuring and helping to close a huge Cadence deal with Intel, among other assignments.
Prior to his Silicon Valley assignment for Cadence, Gerry had worked for Cadence Europe where he had most recently been Group Sales Director of Enterprise Sales. Before that, he was regional sales director for Northern Europe and Nordic Regions. Gerry had joined Cadence originally to follow the vision that Joe Costello had articulated, to help build a new group to execute large multi-million dollar outsourcing deals. This European group had numerous successes under its belt in a few years, but the group was disbanded after Joe Costello left Cadence.
Gerry's Cadence experience also included senior management and director level sales, corporate account management and outsourcing business management roles. He was previously with EDS and SERCO in the United Kingdom for several years, based in London.
Almost concurrent with Gerry's hiring into Altium in late 2007, one Jay Cao was named Altium's Regional Director China, based in Shanghai, and Anand Shankaran was named Chief People Officer for Altium worldwide, based in Sydney. These three appointments were part of Altium's 2007 strategy to add to its world-class leadership and business development talent, and to help accelerate growth. Emma Lo Russo, President & Chief Operating Officer at the time said, “Gerry, Jay and Anand all bring considerable experience in overseeing worldwide sales, business development and talent management. It gives me great confidence to know we have been able to attract this high level of talent and experience.”
The following chart was prepared by the EDA Contributing Editor from data reported for Altium sales after three quarters of Fiscal 2012, which are compared in the chart below vs. three quarters of Fiscal 2011:
The factors in the last column for each area of the world served by Altium are generated by dividing sales totals of three quarters YTD for 2012 by the three quarters YTD for Fiscal 2011, after converting any euro numbers to US$.
POSSIBLE SCENARIOS: The lower right hand corner shows that THRU 9 mo. OF FY 2012, TOTAL ALTIUM SALES WERE 23.13% AHEAD OF 9 mo. of FY 2011.
EVEN IF Q4 ends up AN AVERAGE 2012 QUARTER, SALES FOR 2012 WILL BE AT LEAST $55832 VS $50590, OR GROWTH IN SALES FOR THE YEAR OF 10.45%.
IF Q4 2012 SALES MATCH THE ABSOLUTE TOTAL OF Q4 2011, WHICH WAS 50590 – 33398 = $17192, THEN 2012 COULD TOTAL $58316 = 15.27% GROWTH YEAR OVER YEAR.
IF SOMEHOW ALTIUM WERE TO CLOSE $20,000 SALES IN Q4 2012, GROWTH FOR THE 2012 YEAR WOULD BE 61124/50590 = 20.82% GROWTH IN SALES FOR YOY 2012 VS 2011. (RFH 6-20-12).
September 14, 2012
THE RECENT COMMENTARY dated September 14, 2012 contained CHAPTER ONE OF THE EDA & MCAD/MCAE INDUSTRY ALMANAC – NOMINAL Q2 2012.
WE NOTED OF COURSE THAT CHAPTER TWO OF THE ALMANAC FOR Q2 20I2 HAD ALREADY BEEN POSTED ON JULY 27 2012, SOME 19 DAYS PRIOR TO THE SEPTEMBER 14 APPEARANCE OF CHAPTER ONE, BECACUSE CHAPTER TWO CONTAINED THE URGENT BREAKING NEWS OF THE EXCELLENT PRELIMINARY NOMINAL Q2 FINANCIAL RESULTS FROM ALTIUM LIMITED. AS EVENTUALLY DETAILED IN THE ALMANAC, ALTIUM WAS REPORTING AS EARLY AS THE 4th WEEK OF JULY IMPROVED APRIL THRU JUNE QUARTERLY SALES WHICH EXCEEDED THE LEVEL THE WRITER HAD SET AS THE MINIMUM NEEDED TO RESTORE ALTIUM TO COVERAGE IN THE EDA COMMENTARY.
Altium unaudited update on performance for year to June 30, 2012
On July 25, 2012, Electronics design software company Altium Limited announced an unaudited update on its financial results for the financial year ending June 30, 2012.
Nominal Q2 2012 Update
For Nominal Q2 2012, the three months ending June 30, 2012 Altium sales grew to US$20.2 million.
For the July 2011 - June 2012 Fiscal Year overall, sales were US$61.2 million, up 21% over FY2011.
Near Term Challenges
Going forward in the near term, the writer believes Altium faces several challenges which it will have to overcome in order to maintain its potential as an important EDA player:
1. As implied in the foregoing, it will have to continue to grow its user and revenue base on a consistent basis. It must deliver profits to its bottom line on a far more consistent basis.
2. Altium appears to have developed a culture of a relatively large and heavily paid management personnel. For example, here are three of the top managers' total compensation packages during the past fiscal year
Nicholas Martin - US$ 533,876
Kayvan Oboudiyat - US$ 465,487
Richard Leon - US$ 486,592
3. In just the last two months, the board ousted the 1985 founder and CEO since then Nicolas Martin, in a debate about the principal tenets of its technical mission. Only time will tell if Altium management now possesses sufficient technical savvy and guidance it needs going forward.
4. Altium recently relocated its HQ in Shanghai. It enjoys a stronger talent pool there with less expensive costs, than Australia or the US, but it is still far from the United States' market and center of the EDA Industry in Silicon Valley.
On October 24, 2012 Cadence Design Systems, Inc. (NASDAQ: CDNS) announced results for its third quarter of fiscal year 2012, a quarter which corresponds to the Nominal Q3 2012 defined by the EDA COMMENTARY.
Cadence reported third quarter 2012 revenue of $338.53 million, up 15.75% compared to revenue of $292.46 million reported for the same period in 2011, and up 3.69% compared to the just prior sequential quarter of $326.48 million.
Using GAAP, Cadence recognized net income of $58.58 million, or $0.21 per share on a diluted basis, including $15 million in acquisition-related income tax benefit, in the third quarter of 2012, up 208.4% compared to net income of $28.11 million, or $0.10 per share on a diluted basis in the same period in 2011, and up 160.98% compared to net income of 36.39 million, in the just prior quarter, which yielded $0.22 per share.
Previous Guidance
Guidance for the quarter given three months ago was an expectation for the third quarter of 2012 total revenue in the range of $325 million to $335 million. Third quarter GAAP net income per diluted share was expected to be in the range of $0.17 to $0.18. For the year 2012, the company expected total revenue in the range of $1,295 million, three months ago.
“Demand for our technology was strong across the board in Q3 2012, with ongoing strength in emulation and increasing demand for verification solutions,” said Lip-Bu Tan, president and chief executive officer. “We continue to extend our technology leadership at advanced nodes and expand our design and verification IP business.”
Lip-Bu Tan
“Results for all key operating metrics exceeded expectations for Q3 as the entire Cadence team continues to execute,” added Geoff Ribar, senior vice president and chief financial officer.
Geoff Ribar
The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially.
Business Outlook
For the fourth quarter of 2012, the company expects total revenue in the range of $335 million to $345 million. Fourth quarter GAAP net income per diluted share is expected to be in the range of $0.13 to $0.15.
For 2012, the company expects total revenue in the range of $1,315 million to $1,325 million. On a GAAP basis, net income per diluted share for 2012 is expected to be in the range of $0.58 to $0.60
Cadence self description
Cadence enables global electronic design innovation and plays an essential role in the creation of today’s integrated circuits and electronics. Customers use Cadence software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, California, with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company and its products and services is available at
www.cadence.com.
On November 29, 2012 Mentor Graphics Corporation
(NASDAQ: MENT) announced financial results for the company’s fiscal third quarter ended October 31, 2012, which corresponds exactly to the EDA Commentary’s Nominal Q3 2012 for reporting purposes.
In the quarter, MGC actually delivered Nominal Q3 revenue of $268.8 million, from which it earned $30.64 million in Net Income and GAAP earnings per share of $0.27.
In its original guidance provided three months ago, the company expected revenues of about $265 million and GAAP earnings per share of approximately $0.23.
Nominal Q3 2012 Revenues of $268.4 million were 6% ahead of just prior quarter revenues of $ million, and $ ahead of year-over-year Q3 2011 by 7.14%.
Nominal Q3 2012 Net Income was 68.6% higher than just prior Nominal Q2 2012 and 27.3% higher than the year-over-year Nominal Q3 2011.
“Revenue and earnings were at record highs for any Mentor Graphics’ Q3 ever; Mentor and the (entire) Electronic Design Automation industry continue to benefit from the semiconductor industry’s transition to the next generations of technology,” said Dr. Walden C. Rhines, chairman and CEO of Mentor Graphics.
Dr. Rhines
“For Mentor, exceptional strength in bookings for system design, including mechanical analysis, and new applications of EDA to automotive design and embedded software development provided unique growth opportunities,” said Dr. Rhines.
During the Nominal third quarter, the company announced a major new design rule checking product in the HyperLynx® suite, the market-leading, high-speed analysis product line. Mentor also introduced new formal-based technologies in the Questa® Verification Platform that provide mainstream users with the ability to more easily perform exhaustive formal verification analysis. The next
generation of high-performance, multi-core Linux-based embedded systems development software was also announced this quarter, along with new design, verification and test solutions for 20 nm process nodes.
“Our continued focus on controlling costs, and a favorable currency environment, resulted in a 70% drop-through of incremental year-over-year revenue to operating income,” said Gregory K.
Hinckley, president of Mentor Graphics.
Greg Hinckley
“Mentor delivered record third quarter emulation revenue. Even with record hardware shipments and (their) associated (higher) costs of goods sold, we achieved a GAAP operating margin of 14.1%. We reaffirm our full year revenue guidance of $1.1 billion.
For the full fiscal year 2013, the company continues to expect revenue of about $1.1 billion and about $1.22 in GAAP earnings per
share. For the fourth fiscal quarter 2013, the company expects revenues of about $343 million and GAAP earnings per share of approximately $0.54.
Fiscal Year Definition
Mentor Graphics’ fiscal year runs from February 1 to January 31. The fiscal year is dated by the calendar year in which the fiscal year ends. As a result, the first three fiscal quarters of any fiscalyear will be dated with the next calendar year, rather than the current calendar year.
Mentor Graphics self description
Mentor Graphics Corporation is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world’s most successful electronic, semiconductor and systems companies. Established in 1981, the company reported revenues in the last fiscal year of about $1,015 million. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.
On December 5, 2012 Synopsys, Inc. (NASDAQ: SNPS), a global leader providing software, IP and services used to accelerate innovation in chips and electronic systems, reported results for its fourth quarter and fiscal year 2012. The fiscal fourth quarter corresponds to the EDA & MCAD/MCAE ALMANAC’S NOMINAL Q3 2012.
Nominal Q3 2012 Financial Highlights
- Revenue: $454.2 million
- GAAP earnings per share: $0.19
FY 2012 Financial Highlights
- Revenue: $1.756 billion
- GAAP earnings per share: $1.21
- Cash flow from operations: $486.1 million
- Ending cash balance: $700.4 million
For NOMINAL Q3 2012, Synopsys reported revenue of $454.21 million, up 16.31% year-over-year compared to $390.53 million for Nominal Q3 2011, but up only 2.36% from revenue $443.75 million in the just prior sequential Nominal Q2 2012.
GUIDANCE PROVIDED THREE MONTHS AGO WAS FOR REVENUES IN NOMINAL Q3 2012 TO BE BETWEEN $440 MILLION AND $446 MILLION, so Synopsys exceeded the high end of the Q3 2012 GUIDANCE BY $8.21 MILLION IN NOMINAL Q3 2012.
NOTE: Revenues from the Synopsys acquisition of SpringSoft do not affect the total Nominal Q3 Synopsys Revenues as reported, because Nominal Q3 2012 ended a month before Synopsys officially completed the acquisition of SpringSoft. Nevertheless, SpringSoft’s financials did allow SpringSoft itself to appear in the generic Nominal Q3 2012 list of accomplished EDA vendors who are members of our own EDACafe Almanac club.
The net income level mentioned above allowed Synopsys to declare EPS numbers of $0.31 for Nominal Q3 2012, $0.38 for Nominal Q2 2012 (sequential), and $0.27 for Nominal Q3 2011.
By the way, Synopsys also utilized Nominal Q3’s total revenue for its fiscal year 2012 to accumulate $1.756 billion, an increase of 14.3% from$1.536 billion recognized in fiscal 2011.
Aart de Geus
"Synopsys delivered very strong fiscal 2012 results with double-digit revenue and non-GAAP earnings per share growth. Simultaneously we also completed a significant number of important acquisitions during the year," said Dr. Aart de Geus, chairman and co-CEO of Synopsys. "Electronic design automation solutions are more critical than ever, as semiconductor companies face significant technical challenges while racing to design highly complex chips and systems. Synopsys is particularly well-positioned heading into 2013, based on our technology leadership, significant customer demand, and our predictable business model."
GAAP Results: Nominal Q3 Net Income & EPS
On a generally accepted accounting principles (GAAP) basis, net income for the Nominal third quarter of 2012 was “only”$29.1 million, or $0.19 per share, down 34.48% year-over-year compared to the far more profitable $39.9 million, or $0.27 per share earned in Nominal Q3 a year ago.
The just prior second quarter pf 2012 also generated higher GAAP net income than Nominal Q3 2012; indeed, the nominal second quarter of year 2012 produced million, or $0.50 per share, so the CURRENT NOMINAL THIRD QUARTER WAS ALSO DOWN 61.56% on earnings compared to the just prior SEQUENTIAL QUARTER.
GAAP net income for fiscal year 2012 was $182.4 million, or $1.21 per share, compared to $221.4 million, or $1.47 per share, for fiscal 2011.
Net income for fiscal 2012 included $43.6 million of acquisition-related costs, plus higher amortization of intangibles than in the previous year primarily due to acquisitions. Due to Synopsys fiscal calendar, the first quarter of fiscal year 2012 included an extra week.
Financial Targets
Synopsys also provided its financial targets for the next quarter. These targets do not include any impact of future acquisition-related activities.
Nominal 4th Quarter 2012 Targets:
- ·Revenue: $468 million - $478 million
- ·GAAP expenses: $403 million - $419 million
- ·Other income and expense: ($2) million - $0 million
- ·Fully diluted outstanding shares: 153 million - 157 million
- ·GAAP earnings per share: $0.30 - $0.35
- ·Revenue from backlog: greater than 90%
Effectiveness of Information
The targets included in this release, the statements made during the earnings conference call and the information contained in the financial supplement (available in the Investor Relations section of Synopsys' website at
www.synopsys.com) represent Synopsys' expectations and beliefs as of the date of this release only. Although this press release, copies of the prepared remarks of the co-chief executive officer and chief financial officer made during the call and the financial supplement will remain available on Synopsys' website through the date of the first quarter fiscal year 2013 earnings call in February 2013, their continued availability through such date does not mean that Synopsys is reaffirming or confirming their continued validity. Synopsys does not currently intend to report on its progress during the first quarter of fiscal 2013 or comment to analysts or investors on, or otherwise update, the targets given in this earnings release.
Synopsys self description
Synopsys, Inc. (NASDAQ:SNPS) accelerates innovation in the global electronics market. As a leader in electronic design automation (EDA) and semiconductor IP, its software, IP and services help engineers address their design, verification, system and manufacturing challenges. Since 1986, engineers around the world have been using Synopsys technology to design and create billions of chips and systems. Learn more at http://www.synopsys.com.
THE ABOVE CONCLUDES
PART A OF THE EDA & MCAD/MCAE ALMANAC - Q3 2012
COVERING THE FOUR PRINCIPAL EDA VENDORS SELECTED FOR THIS QUARTER;
IN PART B IN LATE JANUARY. THE MCAD/MCAE VENDORS WILL BE COVERED, TOGETHER WITH THE BY NOW FAMILIAR TABLES OF REVENUES AND EARNINGS FOR BOTH THE EDA AND THE MCAD/MCAE GROUPS OF VENDORS.
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ABOUT THE WRITER:
Since 1996, Dr. Russ Henke has been active full time as president of HENKE ASSOCIATES, a San Francisco Bay Area high-tech business & management consulting firm. The number of client companies served by HENKE ASSOCIATES during those years now numbers more than fifty. Engagement lengths have varied from a few weeks up to ten years and beyond.
During his previous corporate career, Henke operated sequentially on "both sides" of MCAE/MCAD and EDA, as a user and as a vendor. He's a veteran corporate executive from Cincinnati Milacron (Research Scientist), SDRC (President & COO), Schlumberger Applicon (Executive VP), Gould Electronics (President & General Manager), ATP (Chairman and CEO), and Mentor Graphics (VP & General Manager).
Henke is a Fellow of the Society of Manufacturing Engineers (SME) and served on the SME International Board of Directors. Henke was also a board member of SDRC, PDA, ATP, and the MacNeal Schwendler Corporation, and he currently serves on the board of Stottler Henke Associates, Inc.
Henke is also a member of the IEEE and a Life Fellow of ASME International.
In April 2006, Dr. Henke received the 2006 Lifetime Achievement Award from the CAD Society, presented by CAD Society president Jeff Rowe at COFES2006 in Scottsdale, AZ. In February 2007, Henke became affiliated with Cyon Research's select group of experts on business and technology issues as a Senior Analyst. This Cyon Research connection aids and supplements Henke's ongoing, independent consulting practice (HENKE ASSOCIATES).
Dr. Henke was also a contributing editor of the EDACafé.com EDA WEEKLY from November 01, 2009 until March 31, 2012, posting thirty-two EDA WEEKLY articles during that period; URL's available. Effective April 01, 2012 he contributes to EDA COMMENTARY and MCAD COMMENTARY, and also writes a periodic blog for EDACafe.com and/or MCADCafe.com.
Since May 2003 HENKE ASSOCIATES has also published more than 100 independent commentary articles on MCAD, PLM, EDA and Electronics IP on IBSystems' MCADCafé and EDACafé. Such Commentaries are now part of the EDA and/or MCAD COMMENTARY entries.
Further information on HENKE ASSOCIATES, and URL's for past Commentaries, WEEKLIES, etc., are available at
http://www.henkeassociates.net
March 31, 2012 marked the 16th Anniversary of the founding of HENKE ASSOCIATES.