This is anticipated to get reflected in the fiscal fourth-quarter results. With the ongoing shift to high-performance cloud computing owing to the pandemic-induced remote working environment, demand for Synopsys’ Intellectual Property (“IP”) solutions, such as PCI Express 5.0 & 6.0, 800G Ethernet, 112G Ethernet and DDR5, have been growing. Increasing global design activity and customer engagements might have acted as growth drivers in the quarter under review. Rising impact of artificial intelligence, 5G, internet of things, high-performance computing and the Cloud, and automotive is anticipated to have favored demand for Synopsys’ advanced solutions in the fiscal fourth quarter.īesides, Synopsys has been benefiting from growing demand for its solid product portfolio.
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