Synopsys (NASDAQ 🙂 announced Wednesday the results of its second quarter. It beat analysts’ predictions and generated revenue above expectations.

Synopsys reported earnings per share at $2.5 for revenue $1.28B. Investing.com asked analysts to predict EPS of 2.37 on $1.26B in revenue.

Synopsys shares have fallen 23% since the start of the year. However, they are still below 27.82% of their 52-week high of $377.60 on December 28, 2021. They have outperformed the Nasdaq by 27.02%, since its start.

After-hours trading for Synopsys stock rose 1.63% following the release.

Synopsys is following other important earnings in the Information Technology sector this month

Synopsys reports on an Apple earnings beat on April 28th, where they reported EPS at $1.52 per share on $97.28B in revenue. Forecasts were for EPS at $1.42 on revenues of $94.03B.

Microsoft exceeded expectations by beating all forecasts on April 26, with third quarterEPS of $2.22 based on revenue $49.36B. This compares to the $2.19 EPS for revenue $49.02B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar