Cadence Reports Second Quarter 2016 Financial Results

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Cadence Design Systems (CDNS) Tops Q2 EPS by 1c; Guides Below the Street

July 25, 2016 4:09 PM EDT

Cadence Design Systems (NASDAQ: CDNS) reported Q2 EPS of $0.29, $0.01 better than the analyst estimate of $0.28. Revenue for the quarter came in at $453 million versus the consensus estimate of $449.54 million.

"The second quarter was highlighted by strong business with systems companies across multiple vertical segments," said... More