Company: SNPS
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0000883241-25-000024
Chunk: 147

Company: SYNOPSYS INC
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 8
Chunk 147
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 contingent consideration receivable at the quarter end.The financial results of the Software Integrity business were presented as income from discontinued operations, net of income taxes in our condensed consolidated statements of income. The following table presents the major components of financial results of our Software Integrity business for the periods presented:

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Three Months Ended  July 31,Nine Months Ended  July 31,2025202420252024(in thousands)Revenue$— $127,917 $— $392,579 Cost of revenue— 40,279 — 136,010 Operating expenses— 91,854 — 262,745 Other income (expense), net— 605 — 1,601 Income (loss) from discontinued operations— (3,611)— (4,575)Loss on Software Integrity Divestiture— — (8,299)— Income (loss) from discontinued operations before income taxes— (3,611)(8,299)(4,575)Income tax provision (benefit)— 14,202 (4,399)8,580 Income (loss) from discontinued operations, net of income taxes$— $(17,813)$(3,900)$(13,155)The following table presents significant non-cash items and capital expenditures of discontinued operations for the period presented:Nine Months Ended  July 31,20252024(in thousands)Amortization and depreciation$— $16,317 Reduction of operating lease right-of-use assets$— $2,162 Amortization of capitalized costs to obtain revenue contracts $— $20,808 Stock-based compensation$— $47,476 Deferred income taxes$(6,933)$18,939 Purchases of property and equipment$— $972 

Note 4. Acquisition of Ansys

On July 17, 2025, we completed our acquisition of Ansys pursuant to the terms of the previously announced Agreement and Plan of Merger, dated as of January 15, 2024 (the Merger Agreement) by and among Synopsys, Ansys and ALTA Acquisition Corp. (Merger Sub), a Delaware corporation and a wholly owned subsidiary of Synopsys. Pursuant to the Merger Agreement, Merger Sub merged with and into Ansys (the Ansys Merger), with Ansys surviving the Ansys Merger as a wholly owned subsidiary of Synopsys. At