Cadence Design Systems (CDNS) Tops Q4 EPS by 6c; Guides Higher
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Cadence Reports Fourth Quarter and Fiscal Year 2021 Financial Results
February 22, 2022 4:05 PM ESTSAN JOSE, Calif.--(BUSINESS WIRE)-- Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2021.
Cadence reported 2021 revenue of $2.988 billion, compared to revenue of $2.683 billion for 2020. On a GAAP basis, Cadence achieved operating margin of 26 percent and recognized net income of $696 million, or $2.50 per share on a diluted basis, in 2021, compared to operating margin of 24 percent and net income of $591 million, or $2.11 per share on a diluted basis, for 2020. Revenue for the fourth quarter of 2021 totaled $773 million, compared to revenue of $760 million for the same period... More
Cadence and Dassault Systèmes Partner to Transform Electronic Systems Development
February 22, 2022 9:00 AM ESTHighlights:
Industry-leading solution for enterprise customers provides an end-to-end collaborative development environment for complex electronic systems Groundbreaking partnership leverages the Cadence Allegro platform and the Dassault Systèmes 3DEXPERIENCE platform to optimize the entire value chain for electromechanical systems modeling, design, simulation and product lifecycle management Companies in any industry can accelerate innovation and time-to-product realization to deliver competitive, smart and connected customer experiences Virtual twin experiences deliver a holistic and multidisciplinary view for supplier collaboration, simulation, manufacturing execution and supply chain execution excellenceSAN JOSE,... More
