Cadence Reports First Quarter 2024 Financial Results
Cadence Design Systems, Inc. (CDNS)
Last cadence design systems, inc. earnings: 4/20 04:05 pm
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US:NASDAQ Investor Relations:
cadence.com/company/investor_relations/index.aspx?lid=investor_relations
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Source: Business Wire
Record First Quarter Backlog of $6.0 Billion and cRPO of $3.1 BillionRaising 2024 Revenue Outlook SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the first quarter of 2024.First Quarter 2024 Financial ResultsRevenue of $1.009 billion, compared to revenue of $1.022 billion in Q1 2023GAAP operating margin of 25%, compared to 32% in Q1 2023Non-GAAP operating margin of 38%, compared to 42% in Q1 2023GAAP diluted net income per share of $0.91, compared to $0.89 in Q1 2023Non-GAAP diluted net income per share of $1.17, compared to $1.29 in Q1 2023Quarter-end backlog was $6.0 billion and current remaining performance obligations ("cRPO"), contract revenue expected to be recognized as revenue in the next 12 months, was $3.1 billion.“Q1 was a strong start to the year for Cadence as we delivered solid Q1 results,” said Anirudh Devgan, president and chief executive officer. “I’m pleased with our record Q1 backlog that reflects our bro
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News
- Top ideas in vertical software with valuations over or below 50th percentile - Baird [Seeking Alpha]Seeking Alpha
- Cadence Design Systems, Inc. (NASDAQ: CDNS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Cadence Named by Fortune and Great Place to Work as One of 2024's 100 Best Companies to Work For, Ranking No. 9 [Yahoo! Finance]Yahoo! Finance
- Cadence Design Systems Q1 Results: A Surprising Miss And A Puzzling Forecast [Seeking Alpha]Seeking Alpha
- Cadence Design Systems: Patiently Waiting For A Better Price [Seeking Alpha]Seeking Alpha
CDNS
Earnings
- 4/22/24 - Beat
CDNS
Sec Filings
- 5/1/24 - Form 144
- 5/1/24 - Form 144
- 4/30/24 - Form DEFA14A
- CDNS's page on the SEC website