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Cadence Design Systems Jan-Mar 2021 Financial Results

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Do you know the U.S. stock Cadence Design Systems (ticker symbol: CDNS)?

It is a U.S. semiconductor development software company.

This time, I would like to introduce the company’s financial results for the period from January to March 2021, which were announced on April 26, 2021.

January to March 2021

EPS is 83¢ vs. 74¢ expected.

Net sales: $736 million vs. forecast of $718 million.

Sales growth was +19.1% YoY.

Operating cash flow was $208 million. Cash flow from operations was $208 million, compared to $218 million in the same period last year.

The Americas accounted for 46% of sales, China 12%, Other Asia 18%, Europe, Middle East and Africa 18%, and Japan 6%.

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