04:19 PM EST, 12/04/2024 (MT Newswires) -- Synopsys ( SNPS ) reported fiscal Q4 non-GAAP earnings late Wednesday of $3.40 per diluted share, up from $3 a year earlier.

Analysts polled by FactSet expected $3.30, excluding certain items.

Revenue in the quarter ended Oct. 31 rose to $1.64 billion from $1.47 billion a year earlier.

Analysts surveyed by FactSet expected $1.63 billion.

The company said it expects fiscal Q1 non-GAAP EPS of $2.77 to $2.82 on revenue of $1.44 billion to $1.47 billion.

Analysts polled by FactSet expect EPS of $3.52 and revenue of $1.64 billion.

For fiscal 2025, the company expects non-GAAP EPS of $14.88 to $14.96 on revenue of $6.75 billion to $6.81 billion.

Analysts surveyed by FactSet expect EPS of $14.89 on revenue of $6.90 billion.

Shares were down over 6% in recent after-hours activity.