Cadence Design Systems (CDNS) Tops Q2 EPS by 1c; Guides Below the Street
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Cadence Reports Second Quarter 2016 Financial Results
July 25, 2016 4:05 PM EDTSAN JOSE, Calif., July 25, 2016 /PRNewswire/ --Â Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced results for the second quarter 2016.
Cadence reported second quarter 2016 revenue of $453 million, compared to revenue of $416 million reported for the same period in 2015. On a GAAP basis, Cadence recognized net income of $49 million, or $0.17 per share on a diluted basis, in the second quarter of 2016, compared to net income of $58 million, or $0.19 per share on a diluted basis, for the same period in... More
