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Synopsys Inc.  (SNPS)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Synopsys Inc's

Competitiveness


 

SNPS Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Synopsys Inc reported Total Revenue increase in the 2 quarter 2022 by 18.03 % year on year.
The revenue growth was below Synopsys Inc's competitors average revenue growth of 21.31 %, recorded in the same quarter.

List of SNPS Competitors

With net margin of 17.6 % company achieved higher profitability than its competitors.

More on SNPS Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Synopsys Inc. Net Income in the 2 quarter 2022 grew year on year by 10.71 %, slower than its competitors income growth of 12.1 %

<<  More on SNPS Income Comparisons


Synopsys Inc's Comment on Competitors and Industry Peers


The EDA industry is highly competitive. We compete against other EDA vendors and against our customers’ own design tools and internal design capabilities. In general, we compete principally on technology leadership, product quality and features (including ease-of-use), license terms, price and payment terms, post-contract customer support, and interoperability with our own and other vendors’ products. We also deliver a significant amount of engineering and design consulting for our products. No single factor drives an EDA customer’s buying decision, and we compete on all fronts to capture a higher portion of our customers’ budgets. Our competitors include EDA vendors that offer varying ranges of products and services, such as Cadence Design Systems, Inc. and Mentor Graphics Corporation (which was recently acquired by Siemens AG). We also compete with other EDA vendors, including new entrants to the marketplace, that offer products focused on one or more discrete phases of the IC design process, as well as with customers’ internally developed design tools and capabilities.

In the area of IP products, we compete against numerous other IP providers, including Cadence Design Systems, Inc., and our customers' internally developed IP. We generally compete on the basis of product quality, reliability and features, ease of integration with customer designs, compatibility with design tools, license terms, price and payment terms, and customer support.

In the area of Software Integrity solutions, the market is still developing. We compete with other solution providers, many of which focus on specific aspects of software security or quality analysis, as well as with frequent new entrants, which include start-up companies and more established software companies.





  

Overall company Market Share Q2 2022

Despite strong revenue increase of 18.03 % in Overall company, company lost market share within Overall company.




<<  More on SNPS Market Share.
 
*Market share is calculated based on total revenue.


SNPS's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Synopsys Inc. SNPS 50,449.98 4,950.00 1,028.00 15,036
Cadence Design Systems Inc CDNS 44,712 3,154.77 695.09 8,100
Ceva Inc CEVA 618 140.80 -20.19 313
Pdf Solutions inc PDFS 1,144 137.91 -10.91 407
SUBTOTAL 96,923.86 8,383.15 1,692.00 23,856
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