SAN JOSE, CA – Cadence Design Systems Inc. reported third-quarter net earnings rose 74% to $72.7 million, on a 10% spike in sales, to $400.9 million.

Non GAAP net income totaled $97.4 million, up 16% from the same period last year.

Subscription bookings fell to 50% during the quarter as some customers moved to a new licensing model, which boosted upfront revenue. Some analysts said the shift could point to slower growth ahead.

Cadence forecast fourth-quarter revenue of $465 million to $475 million.

AUSTIN, TX – National Instruments reported record revenue of $184.4 million in the third quarter, up 12.4% year-over-year.
 
Net income was $21.5 million, up 15% compared to last year. Operating margin and net margin were 13.3% and 11.7%, respectively.
 
Virtual instrumentation and graphical system design products, which constitute the vast majority of the company’s product portfolio, had 14.3% year-over-year revenue growth, NI said.
 
In contrast, sales of NI instrument control products, now representing less than 10% of the company’s revenue, were down 3% year-over-year, compared to an 8% decline in the second quarter.
 
Year to date, the company reported record revenue of $536 million, up 11.8% compared to the first nine months of 2006.
 
The company expects a record for revenue in the fourth quarter in the range of $200 million and $210 million.