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$CDNS General Update: Cadence Design Systems & Applied Materials today announced companies are collaborating on a development program, to optimize chemical-mechanical planarization process through silicon characterization & modeling, for advanced-node designs at 14nm & below.This will help predict the impact of CMP on functional & parametric yields
$CDNS announced that John Wall has been appointed SVP & CFO, effective October 1, 2017. He will succeed Geoff Ribar who will remain with the company as a senior advisor until his retirement at the end of March 2018. $CDNS also appointed Michelle Quejado as Corporate Controller, reporting to Mr. Wall. Ms. Quejado comes to $CDNS from Zynga Inc.
$CDNS announced its collaboration with TSMC to advance 7nm FinFET Plus design innovation for mobile and high-performance computing platforms. The Cadence digital, signoff and custom/analog tools have achieved certification for the latest version of TSMC’s 7nm FinFET Plus process.
For 3Q17, $CDNS expects total revenue in the range of $475-485MM. GAAP EPS is expected to be in the range of $0.24-0.26, while non-GAAP EPS is expected in the range of $0.33-0.35. For FY17, $CDNS expects total revenue in the range of $1.910-1.950Bil. For FY17, GAAP EPS is expected to be $0.98-1.04, while non-GAAP EPS is expected to be $1.36-1.42.
Electronic design automation company $CDNS reported a 40% jump in 2Q17 earnings, driven by robust software and IP growth. Net earnings spiked to $69.12M or $0.25 per share from $49.34MM or $0.17 per share a year earlier. Revenue increased 5.73% $479MM. On an adjusted basis, the company earned $0.34 per diluted share.
Integrated circuits manufacturer $CDNS reported higher 1Q17 earnings results, helped by higher revenues. Net income rose to $68MM, or $0.25 per share, compared to $51MM, or $0.17 per share during 1Q16. Revenue rose 6% YoY to $477MM from $448MM during 1Q16. Excluding items, $CDNS earned $0.32 per share during the quarter.
$CDNS narrowed its outlook for FY16 on bookings, revenue and EPS. The company expects bookings in the range of $2.03-2.07Bil, equating to 8% growth at the mid-point. The company also stated that operating cash flow for FY16 is expected to be in the range of $380-420MM.
Integrated circuits manufacturer $CDNS posted lower 3Q16 results, hurt by higher cost and expenses. $CDNS said net income fell 16.63% to $64.71MM, or $0.23 per share from $77.62MM, or $0.25 per share a year ago. Revenue for the quarter rose 2.87% to $446.22MM. Excluding items, $CDNS earned $0.30 per share.