SYDNEY – Altium reported Board and Systems (Altium Designer, Circuit Studio, SolidWorks PCB) revenue of $65.4 million for the half-year ended Dec. 31, an increase of 12% year-over-year.

SAN JOSE – Cadence Design Systems reported fourth quarter revenue of $600 million, up 5.3% year-over-year. Net income was $660 million, up 574% compared to the fourth quarter of 2018. GAAP net income for the quarter included a one-time non-cash tax benefit of $576 million related to intercompany transfers of certain IP rights to Cadence's Irish subsidiary.