CDNS Q1 2024 Earnings — Cadence Design Systems, Inc. Revenue & Financial Results | Market Cap Arena

CDNSCadence Design Systems, Inc.

$81B

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$1.0B-1.2% YoY

Gross Profit

$884M87.6% margin

Operating Income

$250M24.8% margin

Net Income

$248M24.5% margin

EPS (Diluted)

$0.91

QoQ Revenue Growth

-5.6%

Cash Flow

Operating Cash Flow

$253M

Free Cash Flow

$204M

Stock-Based Comp.

$88M

Balance Sheet

Total Assets

$5.7B

Total Liabilities

$2.2B

Stockholders' Equity

$3.6B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$1.0B	-1.2%
Gross Profit	$884M	$897M	-1.5%
Operating Income	$250M	$322M	-22.5%
Net Income	$248M	$242M	+2.4%

Revenue Segments

Product and maintenance

$913M91%

Technology Service

$96M9%

Geographic Segments

Americas

$463M46%

Asia

$326M32%

EMEA

$169M17%

JAPAN

$51M5%