💨 Abstract

Synopsys forecasts Q2 revenue above expectations due to rising demand for chip design software from tech giants and other businesses. The company anticipates revenue between $1.59-$1.62 billion and adjusted EPS of $3.37-$3.42 for Q2. Synopsys is also in talks with Chinese regulators regarding the acquisition of Ansys, a deal approved in the EU last month.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖