Cadence Designs (CDNS) PT Lifted to $21 at Needham & Company Amid 'Solid' Q1

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Go back to Cadence Designs (CDNS) PT Lifted to $21 at Needham & Company Amid 'Solid' Q1

Cadence Reports First Quarter 2015 Financial Results

April 27, 2015 4:05 PM EDT

SAN JOSE, Calif., April 27, 2015 /PRNewswire/ -- Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced results for the first quarter of fiscal year 2015.

Cadence reported first quarter 2015 revenue of $411 million, compared to revenue of $379 million reported for the same period in 2014. On a GAAP basis, Cadence recognized net income of $36 million, or $0.12 per share on a diluted basis, in the first quarter of 2015, compared to net income of $33 million, or $0.11 per share on a diluted basis, for... More