Cadence Design Systems (CDNS) Tops Q3 EPS by 8c, Offers Q4 Guidance

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Go back to Cadence Design Systems (CDNS) Tops Q3 EPS by 8c, Offers Q4 Guidance

Cadence Reports Third Quarter 2018 Financial Results

October 22, 2018 4:05 PM EDT

SAN JOSE, Calif.--(BUSINESS WIRE)-- Cadence Design Systems, Inc. (NASDAQ: CDNS) today reported its results under new revenue rules, ASC Topic 606. For the third quarter of 2018, Cadence reported revenue of $532 million, GAAP net income of $99 million, or $0.35 per share on a diluted basis, and non-GAAP net income (as defined below) of $139 million, or $0.49 per share on a diluted basis.

Cadence also reported its results under the old revenue rules, ASC Topic 605, for easier comparison with prior results, all of which were reported under ASC Topic 605.

Under ASC Topic 605, for the third quarter... More