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Cadence Design Systems, Inc. beats earnings expectations. Reported EPS is $1.17, expectations were $1.13. Cadence Design Systems, Inc.

In an uncertain economic environment, companies face tough choices regarding their digital customer experience investments, despite strong consumer sentiment.

Cadence today announced it has continued to expand its collaboration with Arm to advance mobile device silicon success, providing customers with a faster path to tapeout through use of Cadence® digital and verification tools and the new Arm® Total Compute Solutions 2023 (TCS23), which includes the Arm Cortex®-X4, Arm Cortex-A720 and Cortex-A520 CPUs and Immortalis™-G720, Mali™-G720 and Mali-G620 GPUs.