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
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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
Neil Zaman
Chief Revenue Officer, Senior Vice President - World Wide Field Operations 		   
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 fiscal year ended 31 December 2023, Cadence Design Systems Inc revenues increased 15% to $4.09B. Net income increased 23% to $1.04B. Revenues reflect Functional Verification, including hardware for emulation an segment increase of 19% to $1.1B, Custom IC Design and Simulation segment increase of 15% to $899.8M, China segment increase of 30% to $679.5M, Other Asia segment increase of 22% to $766.4M. Net income benefited from G/L on Invest. HFS.
Employees: 11,200 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $79,576M as of Dec 31, 2023
Annual revenue (TTM): $4,090M as of Dec 31, 2023
EBITDA (TTM): $1,408M as of Dec 31, 2023
Net annual income (TTM): $1,041M as of Dec 31, 2023
Free cash flow (TTM): $1,247M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 272,600,859 as of Mar 4, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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