Cadence Design Systems (CDNS) Tops Q3 EPS by 10c; Guides Higher
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Cadence Reports Third Quarter 2022 Financial Results
October 24, 2022 4:05 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the third quarter of 2022.
Cadence reported third quarter 2022 revenue of $903 million, compared to revenue of $751 million for the same period in 2021. On a GAAP basis, Cadence achieved operating margin of 29 percent and recognized net income of $186 million, or $0.68 per share on a diluted basis, in the third quarter of 2022, compared to operating margin of 26 percent and net income of $176 million, or $0.63 per share on a diluted basis, for the same period in 2021.
Using the non-GAAP... More
