Cadence Design Systems (CDNS) Tops Q1 EPS by 5c, Offers Q2 and FY Guidance
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Cadence Reports First Quarter 2019 Financial Results
April 22, 2019 4:05 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced results for the first quarter of 2019.
Cadence reported first quarter 2019 revenue of $577 million, compared to revenue of $517 million reported for the same period in 2018. On a GAAP basis, Cadence achieved operating margin of 22 percent and recognized net income of $121 million, or $0.43 per share on a diluted basis, in the first quarter of 2019, compared to operating margin of 17 percent and net income of $73 million, or $0.26 per share on a diluted basis, for the same period in 2018.
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