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TheStreet Open House

Synopsys' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: SNPS

Synopsys (SNPS)

Q1 2012 Earnings Call

February 22, 2012 5:00 pm ET

Executives

Lisa Ewbank -

Aart J. de Geus - Co-Founder, Chairman and Chief Executive Officer

Brian M. Beattie - Chief Financial Officer

Analysts

Richard Valera - Needham & Company, LLC, Research Division

Sterling P. Auty - JP Morgan Chase & Co, Research Division

Thomas Yeh - BofA Merrill Lynch, Research Division

Thomas Diffely - D.A. Davidson & Co., Research Division

Raj Seth - Cowen and Company, LLC, Research Division

Mahesh Sanganeria - RBC Capital Markets, LLC, Research Division

Jay Vleeschhouwer - Griffin Securities, Inc., Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Synopsys Earning Conference Call for the First Quarter Fiscal Year 2012. [Operator Instructions] Today's call will last one hour. 5 minutes prior to the end of the call, we will announce the amount of time remaining in the conference. As a reminder, today's call is being recorded. I would now like to turn the conference over to Lisa Ewbank, Vice President of Investor Relations. Please go ahead.

Lisa Ewbank

Thank you, Tricia. Good afternoon, everyone. With us on the call today are Aart de Geus, Chairman and CEO of Synopsys; and Brian Beattie, Chief Financial Officer. Today's conference call will include commentary regarding our Q1 results and also the closing of the acquisition of Magma Design Automation, which we announced this morning.

Before we begin, I'd like to remind everyone that during the course of this conference call, Synopsys will discuss forecasts and targets and will make other forward-looking statements regarding the company and its financial results, and about the potential benefits of the combination. While these statements represent our best current judgment about future results and performance as of today, our actual results and performance are subject to many risks and uncertainties that could cause actual results to differ materially from what we expect.

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