SYNOPSYS, INC.

Business Segment Reporting ⁽¹⁾⁽²⁾

(in millions)

Three Months Ended
October 31, 2023

Three Months Ended
October 31, 2022

Twelve Months Ended
October 31, 2023

Twelve Months Ended
October 31, 2022

Revenue by segment

- Design Automation

$                            953.7

$                            862.1

$                         3,775.3

$                         3,300.2

% of Total

59.7 %

67.1 %

64.6 %

64.9 %

- Design IP

$                            513.7

$                            295.2

$                         1,542.7

$                         1,315.5

% of Total

32.1 %

23.0 %

26.4 %

25.9 %

- Software Integrity

$                            131.7

$                            127.1

$                            524.6

$                            465.8

% of Total

8.2 %

9.9 %

9.0 %

9.2 %

Total segment revenue

$                         1,599.1

$                         1,284.3

$                         5,842.6

$                         5,081.5

Adjusted operating income by segment

- Design Automation

$                            317.9

$                            294.7

$                         1,439.7

$                         1,206.6

- Design IP

$                            241.4

$                              48.1

$                            532.1

$                            421.5

- Software Integrity

$                              20.0

$                              10.7

$                              76.3

$                              47.0

Total adjusted segment operating income

$                            579.4

$                            353.4

$                         2,048.0

$                         1,675.1

Adjusted operating margin by segment

- Design Automation

33.3 %

34.2 %

38.1 %

36.6 %

- Design IP

47.0 %

16.3 %

34.5 %

32.0 %

- Software Integrity

15.2 %

8.4 %

14.5 %

10.1 %

Total adjusted segment operating margin     

36.2 %

27.5 %

35.1 %

33.0 %