Cadence Reports Second Quarter 2020 Financial Results
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Cadence Design Systems (CDNS) Tops Q2 EPS by 14c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus
July 20, 2020 4:07 PM EDTCadence Design Systems (NASDAQ: CDNS) reported Q2 EPS of $0.66, $0.14 better than the analyst estimate of $0.52. Revenue for the quarter came in at $638 million versus the consensus estimate of $592.79 million.
Cadence has adapted well to the difficult environment, continuing to innovate and delight customers, while delivering outstanding results for shareholders, said Lip-Bu Tan, chief executive officer. While these are uncertain times, design activity remains strong and our Intelligent System Design strategy has us well positioned to take advantage of these opportunities. To ensure business continuity, we are further investing in infrastructure and collaboration platforms to... More
