Industry Expert Blogs

The EDA industry had a respectable 2010 and Cadence's yearly fiscal report confirms the fact. This week Cadence reported its 2010 fiscal year results. Overall the news was good with corporate health improving from the previous year. The release of EDA360 has also helped Cadence to focus on a strategy and to begin to implement it tactically. The company reversed a 2009 loss of almost $150 million and reported an income of $142 million. When the performance is seen under a non-GAAP light, the result is an improvement from a loss of $16 million to a gain of almost $53 million. Cadence predict that its revenue for 2011 will surpass the one billion dollars.

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