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Cadence (NASDAQ:CDNS) Posts Better-Than-Expected Sales In Q3 But Quarterly Guidance Underwhelms

Semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) reported Q3 FY2023 results topping analysts' expectations, with revenue up 13.4% year on year to $1.02 billion. Revenue guidance for the full year also exceeded analysts' estimates but next quarter's guidance of $1.06 billion was less impressive, coming in 1.22% below expectations. Turning to EPS, Cadence made a GAAP profit of $0.93 per share, improving from its profit of $0.68 per share in the same quarte...
Anirudh Devgan Design Software Cadence Design Systems Cash Flow Revenue Growth Revenue Guidance
Source: yahoo.com

F5 Networks's (NASDAQ:FFIV) Posts Q4 Sales In Line With Estimates But Quarterly Guidance Underwhelms

Network application delivery and security specialist F5 Networks (NASDAQ:FFIV) reported results in line with analysts' expectations in Q4 FY2023, with revenue flat year on year at $707 million. However, next quarter's revenue guidance of $685 million was less impressive, coming in 1.69% below analysts' estimates. Turning to EPS, F5 Networks made a non-GAAP profit of $3.50 per share, improving from its profit of $2.62 per share in the same quarter last year.
Cash Flow F5 Networks Revenue Growth Revenue Guidance Free Cash Flow Analyst Estimates
Source: yahoo.com

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