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Cadence Design Systems | 10-Q: Q2 2024 Earnings Report

Cadence Design Systems | 10-Q: Q2 2024 Earnings Report

铿腾电子 | 10-Q：2024财年二季报
美股SEC公告 ·  2024/07/25 04:27

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Cadence Design Systems reported strong Q2 2024 results, with revenue increasing 9% year-over-year to $1.06 billion. Product and maintenance revenue grew 4% to $960.5 million, while services revenue surged 86% to $100.2 million. The company saw robust demand for its software and IP offerings, offsetting decreased revenue from emulation and prototyping hardware.Operating margin declined to 28% from 31% in Q2 2023, primarily due to product mix and incremental expenses from recent acquisitions. Research and development expenses rose 5% to $370.7 million as Cadence continued investing in innovation. The effective tax rate increased to 27.3% from 25.9% last year.Geographically, U.S. revenue jumped 32% to $507.2 million, while China revenue fell 27% to $127.8 million amid trade restrictions. Cadence expects its recent acquisitions of Invecas and BETA CAE to expand its capabilities but impact margins in the near term as integration continues. The company remains focused on its Intelligent System Design strategy to drive long-term growth.
Cadence Design Systems reported strong Q2 2024 results, with revenue increasing 9% year-over-year to $1.06 billion. Product and maintenance revenue grew 4% to $960.5 million, while services revenue surged 86% to $100.2 million. The company saw robust demand for its software and IP offerings, offsetting decreased revenue from emulation and prototyping hardware.Operating margin declined to 28% from 31% in Q2 2023, primarily due to product mix and incremental expenses from recent acquisitions. Research and development expenses rose 5% to $370.7 million as Cadence continued investing in innovation. The effective tax rate increased to 27.3% from 25.9% last year.Geographically, U.S. revenue jumped 32% to $507.2 million, while China revenue fell 27% to $127.8 million amid trade restrictions. Cadence expects its recent acquisitions of Invecas and BETA CAE to expand its capabilities but impact margins in the near term as integration continues. The company remains focused on its Intelligent System Design strategy to drive long-term growth.
铿腾电子公布了2024年第二季度的强劲业绩，营业收入同比增长9%，达到10.6亿美金。产品和维护收入增长4%，达到96050万美金，而服务收入激增86%，达到10020万美金。该公司看到其软件和知识产权产品的强劲需求，抵消了来自仿真和原型硬件的营业收入下降。营业利润率从2023年第二季度的31%下降至28%，主要由于产品组合和近期收购带来的额外支出。研发支出增长5%，达到37070万美金，因为铿腾继续投资于创新。有效税率从去年的25.9%增加到27.3%。按地域划分，美国的营业收入跳升32%，达到50720万美金，而中国的营业收入在贸易限制的影响下下降27%，至12780万美金。铿腾预计近期收购Invecas和BETA CAE将扩展其能力，但在整合期间将影响利润率。该公司仍然专注于其智能系统设计策略，以推动长期增长。
铿腾电子公布了2024年第二季度的强劲业绩，营业收入同比增长9%，达到10.6亿美金。产品和维护收入增长4%，达到96050万美金，而服务收入激增86%，达到10020万美金。该公司看到其软件和知识产权产品的强劲需求，抵消了来自仿真和原型硬件的营业收入下降。营业利润率从2023年第二季度的31%下降至28%，主要由于产品组合和近期收购带来的额外支出。研发支出增长5%，达到37070万美金，因为铿腾继续投资于创新。有效税率从去年的25.9%增加到27.3%。按地域划分，美国的营业收入跳升32%，达到50720万美金，而中国的营业收入在贸易限制的影响下下降27%，至12780万美金。铿腾预计近期收购Invecas和BETA CAE将扩展其能力，但在整合期间将影响利润率。该公司仍然专注于其智能系统设计策略，以推动长期增长。
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