Cadence Design Systems · ISIN: US1273871087

Cadence Reports Fourth Quarter and Fiscal Year 2024 Financial Results

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%...

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Most recent update: 18.02.2025 | 22:02
18 February 2025 10:02PM
Cadence Reports Fourth Quarter and Fiscal Year 2024 Financial Results
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%...
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22 January 2025 04:45PM
MediaTek Adopts AI-Driven Cadence Virtuoso Studio and Spectre Simulation on NVIDIA Accelerated Computing Platform for 2nm Designs
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...
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21 January 2025 03:20PM
Cadence to Acquire Secure-IC, a Leader in Embedded Security IP
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...
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03 January 2025 10:15PM
Cadence Announces Fourth Quarter and Fiscal Year 2024 Financial Results Webcast
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,...
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12 December 2024 10:10PM
Cadence Appoints Moshe Gavrielov to Board of Directors
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...
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11 December 2024 02:00AM
Cadence and Rapidus Collaborate on Leading-Edge 2nm Semiconductor Solutions for AI and HPC Applications
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)...
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03 December 2024 03:20PM
AST SpaceMobile and Cadence Collaborate to Advance the World’s First and Only Planned Space-Based Global Cellular Broadband Network
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...
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02 December 2024 10:15PM
 Cadence’s Anirudh Devgan to Present at Nasdaq Investor Conference
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...
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14 November 2024 10:05PM
Fortune and Great Place To Work® Name Cadence One of the World’s Best Workplaces™ in 2024, Ranking No. 9
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...
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28 October 2024 09:02PM
Cadence Reports Third Quarter 2024 Financial Results
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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15 October 2024 04:45PM
Cadence Announces Fem.AI Alliance to Lead Gender Equity Revolution in the AI Workforce
Cadence Design Systems, Inc. (Nasdaq: CDNS) announced that industry leaders Equinix Foundation, NetApp, NVIDIA and Workday are founding members of the Cadence Giving Foundation’s Fem.AI Alliance, a group of companies and institutions that have committed to driving change towards a more representative tech and AI workforce. The Fem.AI Alliance is d...
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04 October 2024 10:15PM
Cadence Announces Third Quarter 2024 Financial Results Webcast
Cadence Design Systems, Inc. (Nasdaq: CDNS) will hold its third quarter 2024 financial results webcast on Monday, October 28, 2024. 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 Monday, October 28, 2024 at 2:...
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25 September 2024 09:05PM
TSMC and Cadence Collaborate to Deliver AI-Driven Advanced-Node Design Flows, Silicon-Proven IP and 3D-IC Solutions
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that it is collaborating with TSMC to enhance productivity and optimize product performance for AI-driven advanced-node designs and 3D-ICs. The rapid adoption of AI applications has created unprecedented demand for advanced silicon solutions capable of handling colossal datasets and compu...
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22 August 2024 04:45PM
Cadence Launches Fem.AI, Pledges $20M to Kickstart Gender Equity in the AI Workforce
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced the launch of Fem.AI—an initiative to propel women and the industry towards a more equitable tech sector, with an emphasis on opportunities in AI. The Cadence Giving Foundation has committed $20 million towards this initiative, including philanthropic and product donations over the next d...
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