Cadence Design Systems (CDNS) Tops Q3 EPS by 2c, Offers Q4 Guidance
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Cadence Reports Third Quarter 2016 Financial Results
October 24, 2016 4:05 PM EDTSAN JOSE, Calif., Oct. 24, 2016 /PRNewswire/ --Â Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced results for the third quarter 2016.
Cadence reported third quarter 2016 revenue of $446 million, compared to revenue of $434 million reported for the same period in 2015. On a GAAP basis, Cadence recognized net income of $65 million, or $0.23 per share on a diluted basis, in the third quarter of 2016, compared to net income of $78 million, or $0.25 per share on a diluted basis, for the same period in... More
