May. 28 at 3:24 PM
$SNPS is a different company now. Ansys closed, revenue base jumped 53% to
$4.68B, but gross margin dropped 7.8pp and operating margin went from 20.5% to 6.9%. The
$907M quarterly D&A drag isn't going away soon — that amortization clock runs for years. Watch margin recovery pace, not the top line.