Cadence Design Systems Q3 Revenue Rises 22% to $1.633 Billion; Guides Q4 EPS $2.19-$2.25

Cadence Design Systems (CDNS) reported third-quarter revenue of $1.633 billion, up 22.0% from $1.338 billion a year earlier, the company said. GAAP earnings totaled $289.747 million, or $1.05 per share, compared with $287.122 million, or $1.05 per share, last year. Excluding items, adjusted earnings were $582.187 million, or $2.11 per share. The company guided next-quarter EPS to $2.19 to $2.25 and full-year EPS to $8.37 to $8.43, with full-year revenue guidance of $6.387 billion to $6.417 billion.