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Cadence Reports Q4 Revenue Up 6% |
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Written by Philip Buonpastore
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Wednesday, 30 January 2008 |
SAN JOSE, CA - Cadence Design Systems has reported fourth
quarter 2007 revenue of $458 million, an increase of 6% over the same
period in 2006. The company recognized a net income of $120 million in
Q4 of 2007, compared to $48 million for the same period in 2006.
"Our strategy is on track, our technology has never been stronger, and
we continue to focus on delivering solutions to help our customers
manage their businesses in a challenging environment," said Mike
Fister, president and CEO of Cadence.
"We achieved our long standing goal for operating margin for the year,
and will keep our focus on improving our operating efficiency through
2008," added Bill Porter, executive VP and CFO. |
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