CDNS Q4 2023 Earnings — Cadence Design Systems, Inc. Revenue & Financial Results | Market Cap Arena

CDNSCadence Design Systems, Inc.

$81B

Q4 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$1.1B+18.8% YoY

Gross Profit

$965M90.3% margin

Operating Income

$337M31.5% margin

Net Income

$324M30.3% margin

EPS (Diluted)

$1.19

QoQ Revenue Growth

+4.5%

Cash Flow

Operating Cash Flow

$272M

Free Cash Flow

$238M

Stock-Based Comp.

$87M

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	$1.1B	$900M	+18.8%
Gross Profit	$965M	$806M	+19.6%
Operating Income	$337M	$211M	+59.4%
Net Income	$324M	$240M	+34.7%

Revenue Segments

Product and maintenance

$982M92%

Technology Service

$87M8%

Geographic Segments

Americas

$470M44%

Asia

$364M34%

EMEA

$176M16%

JAPAN

$59M6%