Product category: Design and Development Software
News Release from: Cadence Design Systems
Edited by the Electronicstalk Editorial Team on 25 July 2002
Strong results for Cadence
Cadence Design Systems has announced second quarter pro forma diluted earnings per share of $0.24, up 30% over the second quarter of 2001, on revenue of $345 million
For the quarter, product revenue increased 19% to $226 million over the comparable quarter in 2001. Cadence booked 40% of its software products as subscription licenses (48% including subscription licenses and maintenance) during the quarter. "We are pleased with our strong results", said Ray Bingham, president and CEO of Cadence Design Systems.
This article was originally published on Electronicstalk on 25 July 2002 at 8.00am (UK)
Related stories
Custom ICs drive Cadence growth
Cadence Design Systems has reported second quarter 2005 revenue of $321 million, an increase of 12% over the $287 million reported for the same period last year
Emulator accelerates IC verification
Winbond Israel found that the Palladium emulator series reduced the overall verification schedule by offering prototype-like runtime performance in a live circuit environment
"Given the very challenging economic environment we're in, customers continue to prioritise investing in areas where they need new solutions in order to continue to innovate.
Our nanometer design products - digital and analogue/mixed-signal - continue to be the solutions of choice as customers move to nanometer design".
The weakness in the systems and semiconductor markets continue to affect the Cadence services business.
For the quarter, total services revenue declined 15% sequentially to $37 million.
In accordance with generally accepted accounting principles (GAAP), the company reported a net loss of $46 million and a diluted net loss per share of $0.18 for the second quarter.
"We're winning because we're the only company that can provide customers with solutions that solve the whole problem - from system onto chip into package onto board", added Bingham.
"Moreover, we've implemented a highly focused strategy over the past 18 months that has added chip-design expertise, leadership, and technologies for the world's most advanced processes.
As a result, we have leapfrogged the competition for next-generation nanometer design-both digital and analogue".
• Cadence Design Systems: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• NEW
• Electronicstalk Home Page
Related Business News
Icoa Is Partnering With Anchorfree To...
...Enhance And Monetize Thousands Of Wi-fi Hotspots. Icoa, Inc., a national provider of wireless broadband Internet access and managed network services in high-traffic public locations, and AnchorFree Inc., a rapidly growing Wi-Fi community powered by advertising, have announced today that they are partne
Olympics raises demand for IT contractors
The number of IT contractors working in the engineering sector has almost doubled in 12 months because of demand generated by the 2012 Olympics, according to contractor Giant Group PLC.
Stellar Appoints CIO to Lead Call...
...Centre Outsourcing Technology Strategy. Stellar, a leading global business process outsourcing provider, today announced that Warwick Marx has been appointed Chief Information Officer of Stellar Asia Pacific.
Dell pushes for better Linux drivers
Dell wants to see better software drivers for Linux so that the firm can ship more notebooks and desktops running the operating system, according to one of its software engineers.
Eds Sales Take A Tumble
Dave Friedlos, Computing , Thursday 17 May 2007 at 00:00:00 But experts say downturn may reflect market weakness, writes Dave Friedlos Outsourcing giant EDS has released disappointing first-quarter figures showing slower growth and fewer con
Search the Pro-Talk network of sites
