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Cadence Profits, Sales Jump

Written by Mike Buetow
Monday, 30 July 2007
SAN JOSE -- Cadence Design Systems reported second-quarter revenue of $391 million, up 9% from 2006. For the quarter, the company's net income was $60 million, up 100% over last year. The company guided for third-quarter revenue of $395 million to $405 million. For the year, Cadence expects total revenue of $1.59 billion to $1.64 billion. Operating margins improved during the quarter, company mamagement said in a statement.

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