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PCB | October 28, 2010

Cadence revenue continues to grow

Cadence reported third quarter 2010 revenue of $238 million, compared to revenue of $216 million reported for the same period in 2009.

On a GAAP basis, Cadence recognized net income of $127 million, in the third quarter of 2010, compared to a net loss of $14 million, in the same period in 2009. Using Cadence's non-GAAP measure, net income in the third quarter of 2010 was $11 million, as compared to net income of $7 million, in the same period in 2009. For the fourth quarter of 2010, the company expects total revenue in the range of $230 million to $240 million. For the full year 2010, the company expects total revenue in the range of $917 million to $927 million.
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