CDNS Q1 2023 Earnings — Cadence Design Systems, Inc. Revenue & Financial Results | Market Cap Arena

CDNSCadence Design Systems, Inc.

$81B

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$1.0B+13.3% YoY

Gross Profit

$897M87.8% margin

Operating Income

$322M31.6% margin

Net Income

$242M23.7% margin

EPS (Diluted)

$0.89

QoQ Revenue Growth

+13.5%

Cash Flow

Operating Cash Flow

$267M

Free Cash Flow

$241M

Stock-Based Comp.

$74M

Balance Sheet

Total Assets

$5.2B

Total Liabilities

$2.2B

Stockholders' Equity

$2.9B

Cash & Equivalents

$917M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$902M	+13.3%
Gross Profit	$897M	$804M	+11.6%
Operating Income	$322M	$319M	+1.1%
Net Income	$242M	$235M	+2.7%

Revenue Segments

Product and maintenance

$964M94%

Technology Service

$58M6%

Geographic Segments

Americas

$450M44%

Asia

$362M35%

EMEA

$154M15%

JAPAN

$55M5%