CDNS Q3 2023 Earnings — Cadence Design Systems, Inc. Revenue & Financial Results | Market Cap Arena

CDNSCadence Design Systems, Inc.

$81B

Q3 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$1.0B+13.4% YoY

Gross Profit

$914M89.3% margin

Operating Income

$293M28.6% margin

Net Income

$254M24.9% margin

EPS (Diluted)

$0.93

QoQ Revenue Growth

+4.8%

Cash Flow

Operating Cash Flow

$396M

Free Cash Flow

$374M

Stock-Based Comp.

$88M

Balance Sheet

Total Assets

$5.4B

Total Liabilities

$2.3B

Stockholders' Equity

$3.1B

Cash & Equivalents

$962M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.0B	$903M	+13.4%
Gross Profit	$914M	$815M	+12.1%
Operating Income	$293M	$261M	+12.3%
Net Income	$254M	$186M	+36.5%

Revenue Segments

Product and maintenance

$966M94%

Technology Service

$57M6%

Geographic Segments

Americas

$437M43%

Asia

$370M36%

EMEA

$158M15%

JAPAN

$58M6%