Company: SNPS
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0000883241-25-000017
Chunk: 192

Company: SYNOPSYS INC
Filing Date: 2025-05-28
Form: 10-Q
Item: Item 8
Chunk 192
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 compared to the same period in fiscal 2024 was primarily due to increases of $23.2 million in employee-related costs as a result of headcount increases from hiring, and $9.0 million in hardware-related costs including inventory provisions, partially offset by a decrease of $5.8 million in amortization of acquired technology-related intangible assets. 

The increase in cost of revenue for the six months ended April 30, 2025 compared to the same period in fiscal 2024 was primarily due to increases of $29.7 million in employee-related costs as a result of headcount increases from hiring, $3.7 million in hardware-related costs including inventory provisions, partially offset by decreases of $10.4 million in amortization of acquired technology-related intangible assets, $4.1 million in IT and facility costs, $3.4 million in costs to fulfill IP consulting arrangements, and $2.7 million in the change in the fair value of our executive deferred compensation plan assets .

41

Operating Expenses

Research and Development

 April 30,   20252024$ Change% Change (dollars in millions)Three months ended$554.0 $493.1 $60.9 12 %Percentage of total revenue35 %34 %Six months ended$1,107.2 $1,018.7 $88.5 9 %Percentage of total revenue36 %34 %

The increase in research and development expenses for the three months ended April 30, 2025 compared to the same period in fiscal 2024 was primarily due to increases of $63.2 million in employee-related costs as a result of headcount increases as we continue to expand and enhance our product portfolio, $9.5 million in IT and facility costs, and $5.3 million in consultant and contractor costs, partially offset by a decrease of $19.7 million in the change in the fair value of our executive deferred compensation plan assets.

The increase in research and development expenses for the six months ended April 30, 2025 compared to the same period in fiscal 2024 was primarily due to increases of $82.5 million in employee-related costs as a result of headcount increases as we continue to expand and enhance our product portfolio, $16.9 million in IT and facility costs, and $15.7 million in consultant and contractor costs, partially offset by a decrease of $27.7 million