Cadence Design Systems Inc (OQ:CDNS)
Business Focus: Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2655 Seely Avenue Bldg 5 SAN JOSE CA 95134 |
| Tel: | N/A |
| Website: | https://www.cadence.com |
| IR: | See website |
| Key People | ||
| Anirudh Devgan President, Chief Executive Officer, Director | John M. Wall Chief Financial Officer, Senior Vice President | Karna Nisewaner Senior Vice President, General Counsel, Corporate Secretary |
| Thomas P. Beckley Senior Vice President, General Manager of the Custom IC and PCB Group | Paul Cunningham Senior Vice President, General Manager of the System Verification Group | Chin-Chi Teng Senior Vice President, General Manager of the Digital and Signoff Group |
| Business Overview |
| Cadence Design Systems, Inc. is an electronic system designing company. The Company provides computational software, special-purpose computational hardware, intellectual property (IP) and services to multiple vertical sectors. The Company's Custom IC Design and Simulation offerings are used by its customers to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory and radio frequency (RF) designs. Its Digital IC Design and Signoff solutions are used to create logical representations of a digital circuit or an integrated circuit (IC) that can be verified for correctness prior to implementation. The Company's Functional Verification products are used by its customers to verify that the circuitry or the software they have designed is consistent with the functional specification. Its IP offerings consist of pre-verified, customizable functional blocks. |
| Financial Overview |
| For the three months ended 31 March 2024, Cadence Design Systems Inc revenues decreased 1% to $1.01B. Net income increased 2% to $247.6M. Revenues reflect Functional Verification, including hardware for emulation an segment decrease of 23% to $252.3M, System Interconnect and Analysis segment decrease of 1% to $121.1M, China segment decrease of 34% to $117.2M, Japan segment decrease of 7% to $51.4M. |
| Employees: | 11,200 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $79,228M as of Mar 31, 2024 |
| Annual revenue (TTM): | $4,077M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,349M as of Mar 31, 2024 |
| Net annual income (TTM): | $1,047M as of Mar 31, 2024 |
| Free cash flow (TTM): | $1,210M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 272,134,000 as of Mar 31, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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