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Avant! Corp – the Sunnyvale, California company slapped with felony charges last week for allegedly stealing technology from Cadence Design Systems Inc (CI No 3,141) – reported first-quarter net income up 39% at $6.8m, on revenue up 32% at $31.2m. Earnings per share for the quarter were $0.25, in line with analysts’ expectations, up from $0.19 last time.

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