Company: SNPS
Filing Date: 2025-02-26
Form Type: 10-Q
Source: 0000883241-25-000014
Chunk: 169

Company: SYNOPSYS INC
Filing Date: 2025-02-26
Form: 10-Q
Item: Item 8
Chunk 169
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 $27.7 5 %Percentage of total revenue38 %35 %

The increase in research and development expenses for the three months ended January 31, 2025 compared to the same period in fiscal 2024 was primarily due to increases of $19.4 million in employee-related costs as a result of headcount increases as we continue to expand and enhance our product portfolio, $10.3 million in consultant and contractor costs, and $7.4 million in facility costs, partially offset by a decrease of $7.9 million in the change in the fair value of our executive deferred compensation plan assets.

36

Sales and Marketing

 January 31,   20252024$ Change% Change (dollars in millions)Three months ended$209.2 $218.8 $(9.6)(4)%Percentage of total revenue14 %14 %

The decrease in sales and marketing expenses for the three months ended January 31, 2025 compared to the same period in fiscal 2024 was primarily due to a decrease of $9.4 million in the change in the fair value of our executive deferred compensation plan assets.

General and Administrative

 January 31,   20252024$ Change% Change (dollars in millions)Three months ended$167.1 $131.3 $35.8 27 %Percentage of total revenue11 %9 %

The increase in general and administrative expenses for the three months ended January 31, 2025 compared to the same period in fiscal 2024 was primarily due to an increase of $34.4 million in legal, consulting and other professional fees mainly in connection with the Ansys Merger.

Amortization of Acquired Intangible Assets

Amortization of acquired intangible assets, included in operating expenses, consists of the amortization of trademarks, trade names and customer relationships intangible assets related to acquisitions. 

 January 31,   20252024$ Change% Change (dollars in millions)Three months ended4.0 3.5 0.5 14 %Percentage of total revenue— %— %

Amortization of acquired intangible assets for the three months ended January 31, 2025 compared to the same period in fiscal 2024 was relatively flat primarily due to additions of acquired intangible assets in fiscal 2024