Synopsys sees Q3 revenue above estimates as AI drives upbeat results

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Synopsys sees Q3 revenue above estimates as AI drives upbeat results
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Synopsys Inc on Wednesday forecast third-quarter profit above Wall Street estimates after posting upbeat second-quarter results as increased use of artificial intelligence and automation boosts the chip-design software firm's business.The company last month said it had rolled out new artificial intelligen

Synopsys Inc on Wednesday forecast third-quarter profit above Wall Street estimates after posting upbeat second-quarter results as increased use of artificial intelligence and automation boosts the chip-design software firm's business.

Semiconductor firms rely on software from companies such as Synopsys to help them design faster and smaller chips. Synopsys forecast adjusted earnings per share for the quarter ending July 31 of $2.70 to $2.75, the mid-point of which is above analysts' average estimate of $2.70 per share.

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