Cadence Design Systems Q1 Income Climbs

(RTTNews) - Cadence Design Systems (CDNS) released earnings for its first quarter that increased from last year

The company's earnings totaled $273.58 million, or $1.00 per share. This compares with $247.64 million, or $0.91 per share, last year.

Excluding items, Cadence Design Systems reported adjusted earnings of $430.41 million or $1.57 per share for the period.

The company's revenue for the period rose 23.1% to $1.242 billion from $1.009 billion last year.

Cadence Design Systems earnings at a glance (GAAP) :

-Earnings: $273.58 Mln. vs. $247.64 Mln. last year. -EPS: $1.00 vs. $0.91 last year. -Revenue: $1.242 Bln vs. $1.009 Bln last year.

-Guidance: Full year EPS guidance: $6.73 to $6.83 Full year revenue guidance: $5.15-$5.23 bln