Company: SNPS
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0000883241-25-000017
Chunk: 249

Company: SYNOPSYS INC
Filing Date: 2025-05-28
Form: 10-Q
Item: Item 2
Chunk 249
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 30, 2025 were $8.1 billion, which includes $1.2 billion in non-cancellable FSA commitments from customers where actual product selection and quantities of specific products or services are to be determined by customers at a later date. We have elected to exclude future sales-based royalty payments from the remaining performance obligations. Approximately 42% of the backlog as of April 30, 2025, excluding non-cancellable FSA, is expected to be recognized as revenue over the next 12 months, with the remainder recognized thereafter. The majority of the remaining backlog is expected to be recognized in the following three years.

The amount and composition of unsatisfied performance obligations will fluctuate period to period. We do not believe the amount of unsatisfied performance obligations is indicative of future sales or revenue, or that such obligations at the end of any given period correlates with actual sales performance of a particular geography or particular products and services. For more information regarding our revenue during the three and six months ended April 30, 2025, including our contract balances as of such date, see Note 5. Revenue of the Notes to Condensed Consolidated Financial Statements in this Quarterly Report.

The increase in total revenues for the three and six months ended April 30, 2025 compared to the same periods in fiscal 2024 was primarily due to revenue growth of our business across a majority of product groups and geographies. The increase for the six-month period was partially offset by the impact of the extra week in the first quarter of fiscal 2024 of approximately $63.2 million. 

For a discussion of revenue by geographic areas, see Note 17. Segment Disclosure of the Notes to Condensed Consolidated Financial Statements in this Quarterly Report.

39

Time-Based Products Revenue

 April 30,   20252024$ Change% Change (dollars in millions)Three months ended$828.3 $781.7 $46.6 6 %Percentage of total revenue52 %54 %Six months ended$1,656.6 $1,586.8 $69.8 4 %Percentage of total revenue54 %54 %

The increase in time-based products revenue for the three and six months ended April 30, 2025 compared to the same periods in fiscal 2024 was primarily attributable to an increase in TSL license revenue from arrangements booked in prior periods. The increase for the six-month period was partially