Cadence Design Systems (CDNS) Tops Q4 EPS by 1c, Offers Guidance

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Go back to Cadence Design Systems (CDNS) Tops Q4 EPS by 1c, Offers Guidance

Cadence Reports Fourth Quarter and Fiscal Year 2016 Financial Results

February 1, 2017 4:05 PM EST

SAN JOSE, Calif., Feb. 1, 2017 /PRNewswire/ -- Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced results for the fourth quarter and fiscal year 2016.

Cadence reported fourth quarter 2016 revenue of $469 million, compared to revenue of $441 million reported for the same period in 2015.  On a GAAP basis, Cadence recognized net income of $38 million, or $0.14 per share on a diluted basis, in the fourth quarter of 2016, compared to net income of $80 million, or $0.26 per share on a diluted basis, for the same period in 2015. ... More