新思科技Synopsys (SNPS) 2004年年度报告「NASDAQ」.pdf

1、2004 Annual ReportSystemic solutions delivering EDA productivityFiscal 2004 was an important transition year for Synopsys.From a technology standpoint,we made great strides in transforming our product line from a collection of point tools into complete,correlated platforms.Our focus on customer prod

2、uctivity brought us increased customer interest and benchmarking wins.We entered fiscal 2005 with increased confidence in our competitive technology strength.Financially,we made changes to our license model that put us on solid footing for sustained growth in revenue and profitability.We expect to b

3、uild significant backlog in 2005,which will provide predictability to our financial results.Fiscal Year ResultsFiscal 2004 was a challenging year for the Company financially.Revenue was$1.09 billion,down 7 percent from 2003.Our GAAP net income was$74.3 million,or$0.46 per share,for fiscal 2004,compa

4、red to$149.7 million,or$0.95 per share,for fiscal 2003.Non-GAAP*net income was$166.4 million,or$1.04 per share,in fiscal 2004,com-pared to$252.1 million,or$1.59 per share,for fiscal 2003.Lets put our results in perspective.The semiconductor industryour core customer basehas just emerged from its dee

5、pest downturn of the past 20 years.Throughout the downturn,our customers carefully controlled expenses.As a result,EDA industry growth was relatively flat from 2000 through 2004.At the beginning of fiscal 2004,we expected that healthy growth in the semiconductor industry would lead to in-creased spe

6、nding on EDA.Instead,as our customers revenue grew,they continued to focus on increasing their profitability by controlling expenses.During our third quarter,we saw a marked drop in customer demand,especially for term and perpetual licenses,which are paid for primarily up front.We responded immediat