1、We measure success one chip at a time.2002 ANNUAL REPORTFiscal 2002 was an extraordinary year for Synopsys.In the midst of the turbulent economic environmentthat has continued to present serious challenges forcompanies and investors alike,Synopsys held a steadycourse in 2002 that has substantially s
2、trengthenedour position as a technology leader in the electronicdesign automation(EDA)industry.When the much-anticipated economic recovery truly begins to unfoldwithin the technology sector,Synopsys is poised to playour most comprehensive role ever in the developmentof the next wave of semiconductor
3、-driven innovation.Record-Setting Financial ResultsSynopsys achieved the highest revenues in thecompanys history in fiscal 2002.We concluded thefiscal year ended October 31,2002,with revenue of$906.5 million,an increase of 33.2 percent over the$680.4 million we reported for the previous fiscal yeare
4、nded October 31,2001.Net income in fiscal 2002was$155.7 million(or$2.22 per share)on a diluted(EBG)basisan increase of 119.4 percent over the$71.0 million(or$1.10 per share)we reported for fiscal2001.(EBG represents earnings on a diluted basis,excluding amortization of intangible assets and in-proce
5、ss research and development,integration andinsurance settlement expenses.)Powerful Forces Shape the IndustryThe recession that has gripped the global semiconductorindustry for two years and counting is significantlyworse than any prior economic downturn.In the midstof the struggling economy,other po
6、werful forces arealso at work.Moores Law continues to define the relentless growthof chip complexity to the point where some designersare now packing tens of millions of transistors onto theirleading-edge chips.At the same time,the physical sizeof the components on these chips has shrunk into arealm