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Synopsys Inc. Message Board

  • rwk1mb rwk1mb Aug 22, 2007 4:38 PM Flag

    GAAP verses Non-GAAP - BIG DIFFERENCE

    GAAP Results

    On a generally accepted accounting principles (GAAP) basis, net income for the third quarter of fiscal 2007 was $24.9 million, or $0.17 per share, compared to $7.6 million, or $0.05 per share, for the third quarter of fiscal 2006.

    Non-GAAP Results

    On a non-GAAP basis, net income for the third quarter of fiscal 2007 was $47.7 million, or $0.32 per share, compared to non-GAAP net income of $30.1 million, or $0.21 per share, for the third quarter of fiscal 2006.

    Non-GAAP net income consists of GAAP net income excluding employee share- based compensation expense calculated in accordance with FAS 123� and, to the extent incurred in a particular quarter or period, amortization of intangible assets, in-process research and development charges, integration and other acquisition-related expenses, facilities and workforce realignment charges, and other significant items which, in the opinion of management, are infrequent or non-recurring. See "GAAP Reconciliation" below.

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