SAN JOSE -- Cadence reported third-quarter revenue of $216 million, down 11.2% from 2008.

The GAAP net loss was $14 million, up from a net loss of $171 million last year. The non-GAAP net income was $7 million, up from a net loss of $23 million.

"The increased level of R&D engagement with customers is well received, and we are winning with technologies that address our customers' need for better design productivity, increased predictability of schedule and results, and faster time-to-market," said Lip-Bu Tan, president and chief executive officer.

The EDA software company guided for fourth-quarter revenue of $215 million to $225 million.

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