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Cadence Reports Fourth Quarter and Fiscal Year 2023 Financial Results
February 13, 2024

SAN JOSE, California, Feb. 13 (TNSres) -- Cadence Design Systems, a provider of electronic design automation and semiconductor intellectual property, issued the following news release on Feb. 12, 2024:

Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2023.

Fourth Quarter 2023 Financial Highlights

* Revenue of $1.069 billion, compared to revenue of $900 million in Q4 2022

* GAAP operating . . .

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