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.
$鏗騰電子 (CDNS.US)$ 股票在盤後交易中上漲超過7%，這是該公司Q3業績好於預期的結果。
公司每股季度盈利爲1.64美元，超出分析師預估的1.44美元，增幅爲13.89%。
鏗騰電子報告季度銷售額爲12.2億美元，超出分析師預估的11.8億美元，增長了2.88%，同比增長了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.”
鏗騰電子總裁兼首席執行官Anirudh Devgan表示：「2024年第三季度，鏗騰取得了出色的成績，得益於我們產品組合的整體實力，特別是在IP、SD&A和硬件系統方面。」
「客戶正在使用鏗騰人工智能取得出色成果，我對其迅速融入設計工作流程並加速普及感到興奮。」
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訂單管道前景看好。 鏗騰電子首席財務官John Wall表示：「我們有能力在2024年實現強勁業績。」
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財年，該公司預計營業收入在46.1億美元至46.5億美元之間，GAAP運營利潤率爲29%至30%，非GAAP利潤率爲42%至43%。
