CDNS FY 2023 Earnings — Cadence Design Systems, Inc. Revenue & Financial Results | Market Cap Arena

CDNSCadence Design Systems, Inc.

$81B

FY 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$4.1B+14.8% YoY

Gross Profit

$3.7B89.4% margin

Operating Income

$1.3B30.6% margin

Net Income

$1.0B25.5% margin

EPS (Diluted)

$3.82

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

$1.2B

Stock-Based Comp.

$326M

Balance Sheet

Total Assets

$5.7B

Total Liabilities

$2.3B

Stockholders' Equity

$3.4B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.1B	$3.6B	+14.8%
Gross Profit	$3.7B	$3.2B	+14.6%
Operating Income	$1.3B	$1.1B	+16.5%
Net Income	$1.0B	$849M	+22.6%