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Cadence's Revenue Rises, But Still in Red

Published: 29 April 2010
 by Staff

SAN JOSE -- Cadence Design Systems said first-quarter revenue grew 7.8% to $222 million. The EDA company's net loss shrank as business improved in all geographies.

On a GAAP basis, Cadence reported a net loss of $12 million, up from a net loss of $63 million in 2009.

"Cadence is off to a good start in 2010. The team executed across the board and our focus on customer engagement continues to yield success," said Lip-Bu Tan, president and chief executive officer. "Business improved in all geographies with strength in Asia and North America, and in all platform areas, especially verification, custom and digital design."

Cadence, which develops CAD tools for printed circuit board and semiconductor fabrication, forecast second quarter revenue of $215 million to $225 million, and full year revenue of $865 million to $900 million. 

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