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Tue, 18.02.2025
Cadence Design Systems
US1273871087
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2024.
Fourth Quarter 2024 Financial Results
Revenue of $1.356 billion, compared to revenue of $1.069 billion in Q4 2023
GAAP operating margin of 33.7%, compared to 31.5% in Q4 2023
Non-GAAP operating margin of 46.0%, compared to 42.9% ...
Cadence (Nasdaq: CDNS) today announced that MediaTek has adopted the AI-driven Cadence® Virtuoso® Studio and Spectre® X Simulator on the NVIDIA accelerated computing platform for its 2nm development. As design size and complexity continue to escalate, advanced-node technology development has become increasingly challenging for SoC providers. To me...
Cadence (Nasdaq: CDNS) today announced it has entered into a definitive agreement to acquire Secure-IC, a leading embedded security IP platform provider. The addition of Secure-IC’s talent and highly complementary, proven portfolio of embedded security IP, security solutions, security evaluation tools and services will augment Cadence’s rapidly ex...
Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its fourth quarter and fiscal year 2024 financial results webcast on Tuesday, February 18, 2025.
Participating in the webcast will be Dr. Anirudh Devgan, president and chief executive officer, and John Wall, senior vice president and chief financial officer.
The webcast will begin Tuesday, ...
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced the appointment of Moshe Gavrielov to its board of directors, effective January 1, 2025. Mr. Gavrielov currently serves as a member of the board of NXP Semiconductors N.V. and Taiwan Semiconductor Manufacturing Company Ltd., as chair of the board of Foretellix and SiMa.ai, and has previou...
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced it is collaborating with Rapidus Corporation to provide co-optimized AI-driven reference design flows and a broad IP portfolio to support the Rapidus 2nm gate-all-around (GAA) process and leverage the design and manufacturing benefits from Rapidus’ backside power delivery network (BSPDN) ...
Cadence Design Systems, Inc. (Nasdaq: CDNS) and AST SpaceMobile, Inc. (Nasdaq: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones designed for both commercial and government applications, announced today their collaboration to advance AST SpaceMobile’s mission to elimin...
Cadence Design Systems, Inc. (Nasdaq: CDNS):
WHO:
Anirudh Devgan, president and chief executive officer, Cadence Design Systems, Inc. (Nasdaq: CDNS).
WHAT:
Devgan will participate in a fireside chat at the Nasdaq 51st Investor Conference held in association with Morgan Stanley on Tuesday, December 10, 2024.
WHEN:
The talk will be available l...
Cadence Design Systems, Inc. (Nasdaq: CDNS) announced that Fortune Magazine and Great Place To Work® have honored the company once again in the Top 10 on its World’s Best Workplaces™ 2024, ranking Cadence #9. This is the ninth time Cadence has appeared on the prestigious World’s Best list, which recognizes only 25 global leaders selected from thou...
Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced results for the third quarter of 2024.
Third Quarter 2024 Financial Results
Revenue of $1.215 billion, compared to revenue of $1.023 billion in Q3 2023
GAAP operating margin of 29%, compared to 29% in Q3 2023
Non-GAAP operating margin of 45%, compared to 41% in Q3 2023
GAAP dilut...
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