Cadence Design Systems Q1 Profit Rises 4%

(RTTNews) - Cadence Design Systems (CDNS) released earnings for its first quarter that rose compared to the same period last year.

The company said its bottom line totaled $89.06 million, or $0.32 per share. This was up from $85.63 million, or $0.28 per share, in last year's first quarter.

Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.5% to $476.91 million. This was up from $447.86 million last year.

Cadence Design Systems earnings at a glance:

-Earnings (Q1): $89.06 Mln. vs. $85.63 Mln. last year. -Earnings Growth (Y-o-Y): 4.0% -EPS (Q1): $0.32 vs. $0.28 last year. -EPS Growth (Y-o-Y): 14.3% -Analysts Estimate: $0.32 -Revenue (Q1): $476.91 Mln vs. $447.86 Mln last year. -Revenue Change (Y-o-Y): 6.5%

-Guidance: Next quarter EPS guidance: $0.31 to $0.33 Next quarter revenue guidance: $470 - $480 Mln Full year EPS guidance: $1.32 to $1.42 Full year revenue guidance: $1.900 - $1.950 Bln