Cadence Design Systems (CDNS) Tops Q4 EPS by 1c, Offers Guidance
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Cadence Reports Fourth Quarter and Fiscal Year 2016 Financial Results
February 1, 2017 4:05 PM ESTSAN JOSE, Calif., Feb. 1, 2017 /PRNewswire/ --Â 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
