Cadence Reverses Q3 Loss
Published: 21 October 2004
by Tracy Heffner
SAN JOSE, Oct. 20 — Cadence Design Systems announced revenue for its third quarter was $302 million, up from $269 million last year.
On a GAAP basis, Cadence realized net income of $20 million, compared to a net loss of $14 million, last year.
Non-GAAP earnings were $52 million, versus $34 million last year.
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