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.

• Prev
• Next