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Cadence Reports Q2 Revenue Up 15%

Published: 25 July 2012
 by Staff

SAN JOSE – Cadence Design Systems reported second-quarter 2012 revenue of $326 million, up 15.2% year-over-year.

 

GAAP net income was $36 million, up 33.3% compared to the same quarter last year.

Cadence is a leading provider of software for printed circuit board and semiconductor design.

“Our 20-nanometer engagements have expanded; use of our Azuro technology acquired in 2011 increased; our emulation business significantly exceeded expectations; we had a strong quarter for both design and verification IP, and the acquisition of Sigrity has significantly enhanced our printed circuit board product line,” said Lip-Bu Tan, president and chief executive officer.

For the third quarter, the firm expects total revenue in the range of $325 million to $335 million. For 2012, the company expects revenue in the range of $1.295 billion to $1.315 billion.

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