Cadence Design Systems demonstrates strong financial performance with varied revenue figures depending on the reporting period. For the quarter ending September 30, 2024, Cadence reported $1.22 billion in revenue. Over the last twelve months, the company's revenue reached $4.35 billion, while its annual revenue for the full year 2023 was $4.09 billion.
Cadence Design Systems Revenue Overview
Understanding Cadence's revenue involves looking at different timeframes, each offering insights into the company's growth and financial health. These figures highlight Cadence's consistent performance in the electronic design automation (EDA) and intellectual property (IP) industries.
| Period | Revenue | Growth |
|---|---|---|
| Q3 2024 (Ended Sep 30, 2024) | $1.22 billion | 18.81% (Year-over-year) |
| Last Twelve Months (LTM) | $4.35 billion | 11.03% (Year-over-year) |
| Full Year 2023 | $4.09 billion | 14.83% (Year-over-year) |
Recent Quarterly Performance
In the most recent reported quarter ending September 30, 2024, Cadence Design Systems achieved a revenue of $1.22 billion. This figure represents a notable 18.81% growth compared to the same quarter in the previous year, indicating robust recent performance.
Last Twelve Months (LTM) Revenue
Looking at a broader period, Cadence's revenue for the last twelve months totals $4.35 billion. This reflects a solid 11.03% increase year-over-year, showcasing sustained growth over a continuous period.
Annual Revenue for 2023
For the entire fiscal year 2023, Cadence Design Systems reported an annual revenue of $4.09 billion. This annual performance was marked by a healthy 14.83% growth compared to the prior year, illustrating the company's consistent expansion.
Cadence Design Systems continues to be a significant player in the global technology landscape, driven by innovation and strategic market positioning. For further detailed financial reports and historical data on Cadence Design Systems, comprehensive information is available here.
