Synopsys Replenishes Repurchase Authorization to $500 Million

MOUNTAIN VIEW, Calif., June 16, 2017 — (PRNewswire) —  Synopsys, Inc. (Nasdaq: SNPS) today announced that its Board of Directors has replenished its existing stock repurchase authorization back to $500 million.

"Synopsys is committed to driving sustainable, long-term value for shareholders," said Trac Pham, chief financial officer of Synopsys. "We are pleased to be in a position to extend our share repurchase program with this new authorization, and will continue to balance return of capital to stockholders, debt reduction and strategic investments to grow the business."

Synopsys' Board of Directors originally approved the stock repurchase program in 2002 and has periodically replenished the program as funds are spent.  The program does not obligate Synopsys to acquire any particular amount of common stock, and the program may be suspended or terminated at any time at Synopsys' discretion.

About Synopsys

Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software quality and security solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest quality and security, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com.  

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements, including statements related to the timing and extent of any stock repurchases, and our planned deployment of capital.  Forward-looking statements are subject to both known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, among others: fluctuations in the market price of Synopsys common stock; our use of cash for other purposes; our ability to find suitable acquisition targets; and global and regional economic and market conditions, including their potential impact on the semiconductor and electronics industries and other risks of instability in the banking and financial services industry. Other risks and uncertainties that may apply are set forth in the Risk Factors section of Synopsys' most recently filed Quarterly Report on Form 10-Q. Synopsys assumes no obligation to update any forward-looking statement contained in this press release.

INVESTOR CONTACT:
Lisa L. Ewbank
Synopsys, Inc.
650-584-1901
Synopsys-ir@synopsys.com

EDITORIAL CONTACT:
Carole Murchison
Synopsys, Inc.
650-584-4632
carolem@synopsys.com

 

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/synopsys-replenishes-repurchase-authorization-to-500-million-300475110.html

SOURCE Synopsys, Inc.

Contact:
Synopsys, Inc.
Web: http://www.synopsys.com




Review Article Be the first to review this article

SolidCAM - See For Yourself

Featured Video
Editorial
Latest Blog Posts
2021 MCADCafe PredictionsMCADCafe Editorial
by 2021 MCADCafe Predictions
Planning for XR in 2021-It’s all about the use case
Sanjay GangalMCADCafe Lens
by Sanjay Gangal
NVIDIA GTC October 2020 Keynote
Jobs
Service Software Expert-CATIA & CAA for Dassault Systemes at Shanghai, China
EUROMED 3DEXPERIENCE Program Marketing Specialist for Dassault Systemes at Padova, Italy
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Geographic Information System (GIS) Coordinator for Lassen County Personnel & Risk Management at Susanville, California
Sr. Application Engineer for Watts Water Technologies at San Antonio, Texas
Sr. Design Technician for CEC at Oklahoma City, Oklahoma
Upcoming Events
3DEXPERIENCE WORLD 2021 at Virtual Event - Feb 8 - 11, 2021
RAPID + TCT at McCormick Place Chicago IL - Apr 26 - 29, 2021
WESTEC Online at Online CA - Sep 21 - 23, 2021
3D Collaboration & Interoperability Congress at Golden CO - Feb 21 - 24, 2022
Kenesto: 30 day trial
MasterCAM



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise