SAN JOSE, CA – Cadence Design Systems reported first quarter revenue at its System Interconnect and Analysis unit rose 18% from a year ago.
The PCB design tools unit reported revenue of 10% of the company’s total sales, or about $47.7 million for the quarter ended Apr. 1.
Overall company revenue was up 6.5% year-over-year to $477 million. On a GAAP basis, Cadence recognized net income of $68 million, an increase of 33.3% compared to the same period in 2016.
For the second quarter, the company expects total revenue in the range of $470 million to $480 million. For 2017, Cadence expects total revenue in the range of
$1.9 billion to $1.95 billion.