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Synopsys, Inc. (SNPS: News ), Wednesday said its profit for the fourth quarter improved from the previous year, helped primarily by higher license revenues. Earnings for the quarter came in line with analysts’ estimates, while revenues surpassed expectations. Going forward, the company provided its guidance for the first quarter and fiscal year 2011.

The Mountain View, California-based company’s net income for the fourth quarter increased to $25.40 million or $0.17 per share from $19.53 million or $0.13 per share in the previous year.

Results for the quarter include amortization charges of $0.09 per share, stock compensation of $0.10 per share and acquisition-related costs of $0.07 per share.

On a non-GAAP basis, net income for the quarter was $0.39 per share, compared to $0.33 per share in the year-ago quarter.

On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.39 per share for the quarter. Analysts’ estimates typically exclude special items.

The electronic design automation software provider’s total revenue for the quarter increased to $375.46 million from $338.28 million a year ago. Analysts estimated revenues of $355.58 million for the quarter.

Time-based license revenues rose to $310.71 million from $289.86 million last year. Upfront license revenue was $20.81 million, up from $11.42 million a year ago. Maintenance and service revenue increased to $43.94 million from $37.00 million in the previous year.

Regards,

Don