Company: SNPS
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0000883241-25-000017
Chunk: 190

Company: SYNOPSYS INC
Filing Date: 2025-05-28
Form: 10-Q
Item: Item 8
Chunk 190
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$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 offset by the impact of the extra week in the first quarter of fiscal 2024.

Upfront Products Revenue

 April 30,   20252024$ Change% Change (dollars in millions)Three months ended$510.7 $396.4 $114.3 29 %Percentage of total revenue32 %27 %Six months ended$878.8 $838.8 $40.0 5 %Percentage of total revenue29 %28 %

Changes in upfront products revenue are generally attributable to normal fluctuations in the extent and timing of customer requirements, which can drive the amount of upfront orders and revenue in any particular period.

The increase in upfront products revenue for the three and six months ended April 30, 2025 compared to the same periods in fiscal 2024 was primarily due to an increase in the sale of IP and hardware products, driven by higher demand from customers. 

Upfront products revenue as a percentage of total revenue will likely fluctuate based on the timing of IP and hardware product sales. Such fluctuations will continue to be impacted by the timing of shipments and FSA drawdowns due to customer requirements.

Maintenance and Service Revenue

 April 30,   20252024$ Change% Change (dollars in millions)Three months endedMaintenance revenue$117.8 $110.9 $6.9 6 %Professional service and other revenue147.4 165.7 (18.3)(11)%Total$265.2 $276.6 $(11.4)(4)%Percentage of total revenue16 %19 %Six months endedMaintenance revenue$235.0 $212.3 $22.7 11 %Professional service and other revenue289.2 327.9 (38.7)(12)%Total$524.2 $540.