Cadence Design Up 7% After Strong Q3 Results
Cadence Design Up 7% After Strong Q3 Results
For fiscal 2024, the company projects revenue between $4.61 billion and $4.65 billion, with GAAP operating margins of 29%-30% and non-GAAP margins of 42%-43%. $Cadence Design Systems (CDNS.US)$ shares were up more than 7% in after-hours trading following the company's better-than-expected Q3 results.
The company posted quarterly earnings of $1.64 per share, which beat the analyst consensus estimate of $1.44 by 13.89%.
Cadence reported quarterly sales of $1.22 billion which beat the analyst consensus estimate of $1.18 billion by 2.88%, an increase of 18.77% year-over-year.
$铿腾电子 (CDNS.US)$ 股票在盘后交易中上涨超过7%，这是该公司Q3业绩好于预期的结果。
公司每股季度盈利为1.64美元，超出分析师预估的1.44美元，增幅为13.89%。
铿腾电子报告季度销售额为12.2亿美元，超出分析师预估的11.8亿美元，增长了2.88%，同比增长了18.77%。
“Cadence delivered exceptional results for the third quarter of 2024, driven by broad-based strength across our portfolio, especially in IP, SD&A, and hardware systems,” said Anirudh Devgan, Cadence Design Systems' president and chief executive officer.
“Customers are achieving outstanding results with Cadence.AI, and I’m excited by its accelerating proliferation as AI rapidly becomes an integral part of the design workflow.”
铿腾电子总裁兼首席执行官Anirudh Devgan表示：“2024年第三季度，铿腾取得了出色的成绩，得益于我们产品组合的整体实力，特别是在IP、SD&A和硬件系统方面。”
“客户正在使用铿腾人工智能取得出色成果，我对其迅速融入设计工作流程并加速普及感到兴奋。”
The company said its Q4 bookings pipeline looks strong. "We are well positioned to deliver a strong 2024," said John Wall, Cadence Design Systems' senior vice president and chief financial officer.
公司表示其Q4订单管道前景看好。 铿腾电子首席财务官John Wall表示：“我们有能力在2024年实现强劲业绩。”
For fiscal 2024, the company projects revenue between $4.61 billion and $4.65 billion, with GAAP operating margins of 29%-30% and non-GAAP margins of 42%-43%.
截至2024财年，该公司预计营业收入在46.1亿至46.5亿美元之间，GAAP营运利润率为29%至30%，非GAAP利润率为42%至43%。
