Synopsys Posts Financial Results for Third Quarter of Fiscal 2005

(1) The Company's fiscal year and third quarter ends on the Saturday nearest to October 31 and July 31, respectively.

For presentation purposes, the unaudited condensed consolidated financial statements refer to a calendar month end.


                                SYNOPSYS, INC.
          Unaudited Condensed Consolidated Statements of Income (1)
                    (in thousands, except per share data)


                                          Nine Months Ended July 31, 2005
                                              GAAP                  Non-GAAP
                                             Basis    Adjustments    Basis
    Revenue:
      Time-based license                    $550,807         --    $550,807
      Upfront license                         44,152         --      44,152
      Service                                142,134         --     142,134
          Total revenue                      737,093         --     737,093
    Cost of revenue:
      License                                 73,316         --      73,316
      Maintenance and services                53,264         --      53,264
      Amortization of intangible assets
       and deferred stock compensation        72,483    (72,483)         --
         Total cost of revenue               199,063    (72,483)    126,580
    Gross margin                             538,030     72,483     610,513
    Operating expenses:
      Research and development               234,890         --     234,890
      Sales and marketing                    247,929         --     247,929
      General and administrative              74,656         --      74,656
      In-process research and development      5,700     (5,700)         --
      Amortization of intangible assets
       and deferred stock compensation        25,847    (25,847)         --
         Total operating expenses            589,022    (31,547)    557,475
    Operating (loss) income                  (50,992)   104,030      53,038
    Other income (expense), net               42,416    (33,000)      9,416
    (Loss) income before (benefit from)
     provision for income taxes               (8,576)    71,030      62,454
    (Benefit from ) provision for  income
     taxes                                    (6,573)    26,429      19,856
    Net income                               $(2,003)   $44,601     $42,598
    Basic earnings per share:
      Net income per share                    $(0.01)                 $0.29
      Weighted-average common shares         144,910                144,910
    Diluted earnings per share:
      Net income per share                    $(0.01)                 $0.29
      Weighted-average common shares
      and equivalents                        144,910                146,120


                                         Nine Months Ended July 31, 2004
                                             GAAP                  Non-GAAP
                                            Basis    Adjustments    Basis
    Revenue:
      Time-based license                                    $497,942                --          $497,942
            Upfront  license                                              197,654                --            197,654
            Service                                                              165,953                --            165,953
                    Total  revenue                                          861,549                --            861,549
        Cost  of  revenue:
            License                                                                61,350              197              61,547
            Maintenance  and  services                              52,471              111              52,582
            Amortization  of  intangible  assets
              and  deferred  stock  compensation              76,517      (76,517)                    --
                  Total  cost  of  revenue                            190,338      (76,209)          114,129
        Gross  margin                                                        671,211        76,209            747,420
        Operating  expenses:
            Research  and  development                            208,944              754            209,698
            Sales  and  marketing                                      216,026              580            216,606
            General  and  administrative                          95,805      (12,155)            83,650
            In-process  research  and  development                --                --                      --
            Amortization  of  intangible  assets
              and  deferred  stock  compensation              26,410      (26,410)                    --
                  Total  operating  expenses                      547,185      (37,231)          509,954
        Operating  (loss)  income                                  124,026      113,440            237,466
        Other  income  (expense),  net                              1,133                --                1,133
        (Loss)  income  before  (benefit  from)
          provision  for  income  taxes                          125,159      113,440            238,599
        (Benefit  from  )  provision  for    income
          taxes                                                                      22,440        51,525              73,965
        Net  income                                                          $102,719      $61,915          $164,634
        Basic  earnings  per  share:
            Net  income  per  share                                        $0.66                                    $1.06
            Weighted-average  common  shares                155,437                                155,437
        Diluted  earnings  per  share:
            Net  income  per  share                                        $0.63                                    $1.01
            Weighted-average  common  shares
            and  equivalents                                              162,638                                162,638
 


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