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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 ·  2024/10/31 03:48

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Cadence Design Systems reported strong Q3 2024 financial 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 doubled to $115.1 million. Net income was $238.1 million with diluted EPS of $0.87, maintaining a solid 29% operating margin.The company significantly strengthened its financial position by issuing $2.5 billion in senior notes, comprising $500 million due 2027, $1 billion due 2029, and $1 billion due 2034. The proceeds were partially used to prepay existing term loans. Cash and cash equivalents increased to $2.79 billion, up from $1.01 billion at year-end 2023.Strategic acquisitions enhanced Cadence's market position, including BETA CAE Systems for $1.14 billion and Invecas for $71.2 million. The company continued its share repurchase program, buying back 0.6 million shares for $150 million in Q3, with $1.0 billion remaining under the current authorization.
Cadence Design Systems reported strong Q3 2024 financial 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 doubled to $115.1 million. Net income was $238.1 million with diluted EPS of $0.87, maintaining a solid 29% operating margin.The company significantly strengthened its financial position by issuing $2.5 billion in senior notes, comprising $500 million due 2027, $1 billion due 2029, and $1 billion due 2034. The proceeds were partially used to prepay existing term loans. Cash and cash equivalents increased to $2.79 billion, up from $1.01 billion at year-end 2023.Strategic acquisitions enhanced Cadence's market position, including BETA CAE Systems for $1.14 billion and Invecas for $71.2 million. The company continued its share repurchase program, buying back 0.6 million shares for $150 million in Q3, with $1.0 billion remaining under the current authorization.
鏗騰電子公佈了2024年第三季度財務強勁結果,營業收入同比增長19%,達到12.2億元。產品和維護營業收入增長14%,達到11億元,而服務營業收入則翻了一番,達到11510萬元。凈利潤爲23810萬元,攤薄後每股收益爲0.87,保持了29%的營業利潤率。該公司通過發行25億元的高級票據顯著增強了其財務狀況,包括2027年到期的50000萬元、2029年到期的10億元和2034年到期的10億元。所得款項的部分用於償還現有的定期貸款。現金及現金等價物增加至27.9億元,較2023年底的10.1億元有所上升。戰略收購提升了鏗騰的市場地位,包括以11.4億元收購BETA CAE Systems和以7120萬元收購Invecas。該公司繼續其股票回購計劃,在第三季度回購了60萬股,耗資15000萬元,並在當前授權下尚有10億元的回購額度。
鏗騰電子公佈了2024年第三季度財務強勁結果,營業收入同比增長19%,達到12.2億元。產品和維護營業收入增長14%,達到11億元,而服務營業收入則翻了一番,達到11510萬元。凈利潤爲23810萬元,攤薄後每股收益爲0.87,保持了29%的營業利潤率。該公司通過發行25億元的高級票據顯著增強了其財務狀況,包括2027年到期的50000萬元、2029年到期的10億元和2034年到期的10億元。所得款項的部分用於償還現有的定期貸款。現金及現金等價物增加至27.9億元,較2023年底的10.1億元有所上升。戰略收購提升了鏗騰的市場地位,包括以11.4億元收購BETA CAE Systems和以7120萬元收購Invecas。該公司繼續其股票回購計劃,在第三季度回購了60萬股,耗資15000萬元,並在當前授權下尚有10億元的回購額度。
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