Cadence Design Systems ( (CDNS) ) has released its Q4 earnings. Here is a breakdown of the information Cadence Design Systems presented to its investors.
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Cadence Design Systems, Inc., a leader in electronic systems design, delivers software, hardware, and IP solutions for a wide range of technological applications, including AI, aerospace, and life sciences. In its latest earnings report, Cadence announced a record backlog of $6.8 billion for 2024, alongside a 13.5% increase in annual revenue, reaching $4.641 billion. The company surpassed its financial targets for both revenue and earnings per share (EPS) in the fourth quarter and the full year. Key financial highlights include a GAAP operating margin of 29.1% and a non-GAAP operating margin of 42.5% for 2024. Additionally, the company reported a significant year-end backlog and robust growth in its core businesses, including AI-driven optimization and high-performance computing protocols. Looking ahead to 2025, Cadence projects revenue between $5.14 billion and $5.22 billion, with expected increases in both GAAP and non-GAAP operating margins. The company remains optimistic about its strategic direction and growth potential, driven by advancements in AI and expansion into new markets.
