SAN JOSE, CA – Cadence Design Systems posted third quarter revenue of $485.4 million, an increase of 8.8% year-over-year.

Net income for the quarter ended Sept. 30 was $81.2 million, up 25.4% compared to the same period last year.

Sales of system interconnect and analysis software grew 7% year-over-year, with growth in PCB implementation, IC packaging and Sigrity power integrity analysis, the company said.

For the nine months ended Sept. 30, revenue was $1.4 billion, up 7% year-over-year. Net income was $218.5 million, an increase of 32.8%.

Cadence ended the third quarter with cash and cash equivalents of $678.3 million, compared to $465.2 million as of Dec. 31.

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