Cadence Design Systems Beat Revenue Expectations For Q1
Cadence reported first quarter 2017 revenue of $477 million, compared to revenue of $448 million reported for the same period in 2016.
"Consistent execution enabled Cadence to deliver strong results. Innovation is at the heart of our success and we have introduced three significant new products so far in 2017: Xcelium for parallel logic simulation, Protium S1 for advanced FPGA-based prototyping and Pegasus Verification System, a next generation physical verification solution," said Lip-Bu Tan, president and chief executive officer. "Additionally, our digital and sign off solutions continue to proliferate with market-shaping customers for the most complex designs at the most advanced nodes."
"Cadence met or exceeded its key operating metrics in the first quarter, and we are maintaining our outlook for the fiscal year," said Geoff Ribar, senior vice president and chief financial officer.
For the second quarter of 2017, the company expects total revenue in the range of $470 million to $480 million.
For 2017, the company expects total revenue in the range of $1.900 billion to $1.950 billion.
AngelTech Live III: Join us on 12 April 2021!
AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST)
and will feature online
versions of the market-leading physical events: CS International
and PIC International
PLUS a brand new Silicon Semiconductor International
Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.
2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.
We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.
We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.
Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.
Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.
So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.
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