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	<title>Stock Blog Hub &#187; LAVA</title>
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		<title>(SNPS) Synopsys Beats on Earnings &#8211; Outlook Disappoints</title>
		<link>http://www.stockbloghub.com/2009/08/26/snps-synopsys-beats-on-earnings-outlook-disappoints/13509</link>
		<comments>http://www.stockbloghub.com/2009/08/26/snps-synopsys-beats-on-earnings-outlook-disappoints/13509#comments</comments>
		<pubDate>Wed, 26 Aug 2009 21:11:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Technical & System Software]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Cadence Design Systems Inc.]]></category>
		<category><![CDATA[CDNS]]></category>
		<category><![CDATA[LAVA]]></category>
		<category><![CDATA[Magma Design Automation Inc.]]></category>
		<category><![CDATA[MENT]]></category>
		<category><![CDATA[Mentor Graphics Corp.]]></category>
		<category><![CDATA[SNPS]]></category>
		<category><![CDATA[Synopsys Inc.]]></category>

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		<description><![CDATA[Synopsys Inc. (SNPS) reported third-quarter pro forma EPS of 47 cents that beat the consensus estimate of 41 cents. Quarterly revenue of $345.2 million was in line with consensus expectations and management’s guidance of $342 million to $350 million. However, pro forma EPS exceeded the company’s guidance of 40 cents to 42 cents. EPS increased 6.8% year over year due to lower operating expenses which slid 4%. As a result, non-GAAP operating margin came in at 27% for the quarter. Revenue for the quarter was up 0.3% from the year-ago period. While license revenue Incorporatedluding time-based and upfront, accounted for 87.9%, services Incorporatedluding maintenance, accounted for 12.1% of total revenue. Maintenance and service revenue was up 21.8%, offset by a 2.1% year-over-year drop in license revenue. One customer accounted for ]]></description>
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