Cadence Design Systems (CDNS) Tops Q4 EPS by 4c, Offers Q1 and FY Guidance
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Cadence Reports Fourth Quarter and Fiscal Year 2018 Financial Results
February 19, 2019 4:05 PM ESTSAN JOSE, Calif.--(BUSINESS WIRE)-- Cadence Design Systems, Inc. (NASDAQ: CDNS) today reported its results under new revenue rules, ASC Topic 606. For the fourth quarter of 2018, Cadence reported revenue of $570 million, GAAP net income of $98 million, or $0.35 per share on a diluted basis, and non-GAAP net income (as defined below) of $147 million, or $0.52 per share on a diluted basis. For 2018, Cadence reported revenue of $2.138 billion, GAAP net income of $346 million, or $1.23 per share on a diluted basis, and non-GAAP net income of $526 million, or $1.87 per share on a diluted basis.
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