August 22, 2018 / 8:12 PM / 3 months ago

Synopsys reports 12 pct rise in quarterly revenue

Aug 22 (Reuters) - Synopsys Inc reported a 12 percent rise in quarterly revenue on Wednesday, driven by higher demand for its chip design software from semiconductor clients.

Net income fell to $79.4 million, or 52 cents per share, in the third quarter ended July 31, from $116.8 million, or 75 cents per share, a year earlier.

Total revenue rose to $779.7 million from $695.4 million. (Reporting by Akanksha Rana in Bengaluru; Editing by Sriraj Kalluvila)

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