Cadence Reports First Quarter 2020 Financial Results

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Go back to Cadence Reports First Quarter 2020 Financial Results

Cadence Design Systems (CDNS) Tops Q1 EPS by 6c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Below Consensus, Provides FY20 EPS/Revenue Outlook

April 20, 2020 4:07 PM EDT

Cadence Design Systems (NASDAQ: CDNS) reported Q1 EPS of $0.60, $0.06 better than the analyst estimate of $0.54. Revenue for the quarter came in at $618 million versus the consensus estimate of $613.41 million.

I am pleased to report that in a difficult environment we have continued to deliver on our strategy and commitments, leading to excellent financial results for the first quarter of 2020, and we are... More