Synopsys Did 90% of Business From Backlog with A Deal Length of 2.5 Years. Err...What Does That Mean?
August 27, 2015
Here is Trac Pham, Synopsys CFO, from last weeks earnings call:
Greater than 90% of Q3 revenue came from beginning of quarter backlog...the weighted average duration of our renewable customer license commitments was about 2.5 years, and we expect duration for the full year to be about 2.7 years.
What does that mean? Why does anyone care that much? Is that good or bad?
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