From Barchart: 2025-04-15 07:23:00

Cadence Design Systems, Inc. reported a revenue of $720 million for the first quarter of 2021, exceeding expectations. The company’s net income was $160 million, or $0.58 per share. Cadence also announced a quarterly dividend of $0.21 per share. The strong performance was driven by increased demand for their electronic design automation software and IP products. The company’s stock price rose by 5% following the earnings report. Investors are optimistic about Cadence’s future growth potential in the technology sector.



Read more at Barchart: What to Expect From Cadence Design Systems’ Next Quarterly Earnings Report