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Cadence Design Systems | 10-Q: Q3 2024 Earnings Report

Cadence Design Systems | 10-Q: Q3 2024 Earnings Report

鏗騰電子 | 10-Q:2024財年三季報
美股SEC公告 ·  10/31 03:48

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Cadence Design Systems reported strong Q3 2024 results, with revenue increasing 19% year-over-year to $1.22 billion. Product and maintenance revenue grew 14% to $1.10 billion, while services revenue more than doubled to $115.1 million. The growth was primarily driven by increased demand for the company's software, IP, and hardware offerings.Operating expenses rose 11% to $668.8 million, reflecting continued investments in R&D and sales support. Despite higher costs, operating margin remained steady at 29%. Net income for the quarter was not explicitly stated, but the effective tax rate increased to 28.6% from 15.2% in the prior year period.Cadence's recent acquisitions of Invecas and BETA CAE Systems are expected to expand its capabilities in system analysis and design services. However, these acquisitions may impact operating margins in the near term as incremental expenses are anticipated to exceed revenue contributions for the remainder of fiscal 2024.
Cadence Design Systems reported strong Q3 2024 results, with revenue increasing 19% year-over-year to $1.22 billion. Product and maintenance revenue grew 14% to $1.10 billion, while services revenue more than doubled to $115.1 million. The growth was primarily driven by increased demand for the company's software, IP, and hardware offerings.Operating expenses rose 11% to $668.8 million, reflecting continued investments in R&D and sales support. Despite higher costs, operating margin remained steady at 29%. Net income for the quarter was not explicitly stated, but the effective tax rate increased to 28.6% from 15.2% in the prior year period.Cadence's recent acquisitions of Invecas and BETA CAE Systems are expected to expand its capabilities in system analysis and design services. However, these acquisitions may impact operating margins in the near term as incremental expenses are anticipated to exceed revenue contributions for the remainder of fiscal 2024.
鏗騰電子發佈了2024年第三季度的強勁業績,營業收入同比增長19%,達到12.2億美金。產品和維護收入增長14%,達到11億美金,而服務收入超過翻倍,達到11510萬美金。這一增長主要是由於公司軟體、IP和硬件產品需求的增加。營業費用增長11%,達到66880萬美金,反映了在研發和銷售支持方面的持續投資。儘管成本上升,營業利潤率保持在29%。本季度的凈利潤沒有明確說明,但有效稅率從去年同期的15.2%上升至28.6%。鏗騰近期收購了Invecas和BETA CAE Systems,預計將增強其在系統分析和設計服務方面的能力。然而,這些收購可能會在短期內影響營業利潤率,因爲預計增量費用將超過2024財年剩餘期間的收入貢獻。
鏗騰電子發佈了2024年第三季度的強勁業績,營業收入同比增長19%,達到12.2億美金。產品和維護收入增長14%,達到11億美金,而服務收入超過翻倍,達到11510萬美金。這一增長主要是由於公司軟體、IP和硬件產品需求的增加。營業費用增長11%,達到66880萬美金,反映了在研發和銷售支持方面的持續投資。儘管成本上升,營業利潤率保持在29%。本季度的凈利潤沒有明確說明,但有效稅率從去年同期的15.2%上升至28.6%。鏗騰近期收購了Invecas和BETA CAE Systems,預計將增強其在系統分析和設計服務方面的能力。然而,這些收購可能會在短期內影響營業利潤率,因爲預計增量費用將超過2024財年剩餘期間的收入貢獻。
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