Cadence Reports Third Quarter 2024 Financial Results
Cadence Design Systems, Inc. (CDNS)
Last cadence design systems, inc. earnings: 4/20 04:05 pm
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US:NASDAQ Investor Relations:
cadence.com/company/investor_relations/index.aspx?lid=investor_relations
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Source: Business Wire
Exceeded Q3 guidance for revenue and operating marginOn track to deliver strong second halfRaising midpoint of 2024 non-GAAP EPS outlook to $5.90 SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced results for the third quarter of 2024.Third Quarter 2024 Financial ResultsRevenue of $1.215 billion, compared to revenue of $1.023 billion in Q3 2023GAAP operating margin of 29%, compared to 29% in Q3 2023Non-GAAP operating margin of 45%, compared to 41% in Q3 2023GAAP diluted net income per share of $0.87, compared to $0.93 in Q3 2023Non-GAAP diluted net income per share of $1.64, compared to $1.26 in Q3 2023Quarter-end backlog was $5.6 billion and current remaining performance obligations (“cRPO”), contract revenue expected to be recognized as revenue in the next 12 months, was $2.9 billion“Cadence delivered exceptional results for the third quarter of 2024, driven by broad-based strength across our portfolio, especially in IP, SD&A, and hardw
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CDNS
Earnings
- 2/18/25 - Beat
CDNS
Sec Filings
- 3/11/25 - Form 4
- 3/5/25 - Form 4
- 3/3/25 - Form 144
- CDNS's page on the SEC website