Cadence Design Systems Inc 10-K Report Highlights Financial Performance

By Chris Stiles • Thursday, February 19 16:06 • Permanent Link

CADENCE DESIGN SYSTEMS INC. has recently released its 10-K report, providing insights into the company's financial performance and operations. The company, headquartered in San Jose, California, offers a wide range of software, hardware, and services globally. Its offerings include functional verification services, digital IC design and sign-off products, custom IC design and simulation, semiconductor IP products, and system design and analysis products. The company serves various industries, including consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science.

In the 10-K report, CADENCE DESIGN SYSTEMS INC. highlighted its focus on empowering innovative companies to deliver electronic products that drive the global economy and improve everyday life. The company's strategy aims to address customers' product development needs while expanding capabilities beyond traditional chip design to encompass full electromechanical systems. It emphasizes the use of cutting-edge technologies, including AI, machine learning, and digital twin algorithms, to enhance its products and solutions.

The report also details the company's recent acquisitions, including BETA CAE Systems International AG, VLAB Works, the Artisan foundation IP business from Arm Limited, and Secure-IC. Additionally, CADENCE DESIGN SYSTEMS INC. has entered into a definitive agreement with Hexagon to acquire its D&E business, which is expected to expand its System Design & Analysis portfolio.

CADENCE DESIGN SYSTEMS INC. operates globally and is subject to the effects of economic downturns or recessions, volatility in foreign currency exchange rates, inflation, changing interest rates, trade control laws and regulations, and geopolitical conflicts. The report provides insights into the impact of these factors on the company's business and financial results.

The 10-K report also presents the company's revenue breakdown by product category, geography, and recurring versus up-front revenue. It highlights the growth in revenue from software, hardware, and IP offerings, as well as the increased revenue from cloud and IP service offerings during fiscal 2025.

Today the company's shares have moved -0.98% to a price of $317.45. Check out the company's full 10-K submission here.

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