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Short Take: Cadence fares well in Q3

Cadence Design Systems announced that its third-quarter revenue increased to $234.9 million, up from $188.7 million a year earlier. CDS attributed the improvement to key product-line growth in logic simulation, place-and-route, and physical-verification software and tools. Net income grew to $55.3 million, or 48 cents a share, compared with net income of $32.7 million, or 36 cents a share, a year ago.

    Cadence Design Systems announced that its third-quarter revenue increased to $234.9 million, up from $188.7 million a year earlier. CDS attributed the improvement to key product-line growth in logic simulation, place-and-route, and physical-verification software and tools. Net income grew to $55.3 million, or 48 cents a share, compared with net income of $32.7 million, or 36 cents a share, a year ago.