Financial PerformanceSNPS reported strong 2Q results noting, a $400mn q/q increase to backlog and a cRPO increase of roughly $172mn.
Mergers And AcquisitionsIf full restrictions apply, it could be beneficial for the closing of the ANSS deal, as it would remove key overhangs from SNPS' growth story.
Product DevelopmentThe new hardware, HAPS 200 prototyping systems, and ZeBu 200 systems are off to a strong start and are expected to drive a robust upgrade cycle with increasing supply availability as the year progresses.