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Technology / AI and automation

COMPANY RESULT: CADENCE DESIGN SYSTEMS INC

Cadence Design Systems Inc has reported third quarter net profits down 9.0% at $32.7m on revenue up 34.7% at $188.7m; nine month net profits rose 30.7% to $86.9m,. whhich includes unspecified gain from sale of business, on revenue up 37.6% at $529.2m. Net per share fell 7.7% to $0.36 in the quarter, and rose by 33.8% to $0.95 in the three quarters.

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CBR Staff Writer

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