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

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

Cadence Reports First Quarter 2020 Financial Results

April 20, 2020 4:05 PM EDT

SAN JOSE, Calif.--(BUSINESS WIRE)-- Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the first quarter of 2020.

Cadence reported first quarter 2020 revenue of $618 million, compared to revenue of $577 million reported for the same period in 2019. On a GAAP basis, Cadence achieved operating margin of 23 percent and recognized net income of $124 million, or $0.44 per share on a diluted basis, in the first quarter of 2020, compared to operating margin of 22 percent and net income of $121 million, or $0.43 per share on a diluted basis, for the same period in 2019.

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