Cadence Systems: Q4 EPS Tops Forecast
Cadence Design Systems surpassed fourth-quarter expectations with significant revenue and earnings growth.
Cadence Design Systems (NASDAQ:CDNS), a leader in computational software for electronic system design, reported fourth-quarter 2024 earnings on Tuesday, Feb. 18, that topped analysts' consensus expectations but also included soft guidance for 2025.
Adjusted earnings per share of $1.88 edged past the forecasted $1.82. Revenue in Q4 hit $1.36 billion, exceeding the $1.35 billion forecast. This marked a solid quarter, reflecting robust growth in key segments despite competitive challenges.
Source: Cadence Design Systems. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. pps = Percentage points.
