SAN JOSE -- Cadence Design Systems today reported second quarter revenue at its System Design and Analysis business unit rose 43% to $103 million, a new high.

The unit includes the printed circuit board design and simulation software products.

Overall revenue for the period ended Jun. 30 was $858 million, up 18% year-over-year. GAAP operating margin was 33%, up 80 basis points from last year. Net income rose 19.9% for the period to $187 million.

On a non-GAAP basis, operating margin was 42% and net income was $298 million, versus 39% and $238 million, respectively.

“This quarter’s outstanding results are a testament to Cadence’s relentless focus on innovation and continued strong execution by the Cadence team,” said Anirudh Devgan, president and chief executive, Cadence. “Our strong performance is emblematic of the megatrends of the long-term strength of semis, systems companies investing more in silicon, and the convergence of system and chip designs. We are delighted with the pivotal role our technology portfolio plays in our customers’ successes and are especially excited by the pending acquisition of OpenEye Scientific, which will accelerate our Intelligent System Design strategy and extend our computational software competency to the life sciences market.”

“We delivered another quarter of strong financial results with double-digit growth across all product categories,” said John Wall, senior vice president and chief financial officer. “I am pleased that we exceeded all key operating metrics for the quarter, allowing us to raise our full year outlook.”

Cadence guided for third quarter revenue in the range of $860 million to $880 million, with GAAP operating margin 26% to 27%. For the year, the company expects revenue of $3.47 billion to $3.51 billion and operating margin of 29.25% to 30.25%.

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