Cadence Design Systems (CDNS) Reports In-Line Q1 EPS; Issues Mixed Outlook
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Cadence Reports First Quarter 2017 Financial Results
April 24, 2017 4:05 PM EDTSAN JOSE, Calif., April 24, 2017 /PRNewswire/ --Â Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced results for the first quarter 2017.
Cadence reported first quarter 2017 revenue of $477 million, compared to revenue of $448 million reported for the same period in 2016. On a GAAP basis, Cadence recognized net income of $68 million, or $0.25 per share on a diluted basis, in the first quarter of 2017, compared to net income of $51 million, or $0.17 per share on a diluted basis, for the same period... More
