JVCKENWOOD Deploys Cadence Spectre FX Simulator and Comprehensive Design Flows to Improve Productivity – Consumer Electronics Net consumerelectronicsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from consumerelectronicsnet.com Daily Mail and Mail on Sunday newspapers.
The software company gave weaker than expected guidance for Q2.
Cadence shares were about 3.5% down in extended trading on Monday.
Cadence Design Systems Inc (NASDAQ: CDNS) reported its financial results for the fiscal first quarter on Monday that beat Wall Street estimates. The computer software company, however, gave weaker than expected guidance for the second quarter.
1. Financial performance
Cadence said that its net income in the first quarter came in at £134.65 million that translates to 48.20 pence per share. In the same quarter last year, its net income was capped at a lower £89.20 million, or 31.65 pence per share.
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Highlights:
Latest collaboration builds upon previous successes where leading server customers reached silicon on 7nm using the previous-generation Arm Neoverse N1 platform and Cadence tools
Cadence optimized its RTL-to-GDS digital full flow and delivered corresponding 5nm and 7nm RAKs for Arm Neoverse V1 and Neoverse N2 platforms, enabling designers to get to market faster
Cadence’s verification full flow enables Neoverse V1 and Neoverse N2 platform users to achieve highest verification throughput and preparedness for Arm SystemReady compliance
SAN JOSE, Calif., April 27, 2021 Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that it is expanding its collaboration with Arm to speed hyperscale computing and 5G communications SoC development using Cadence® tools and the new Arm® Neoverse™ V1 and Neoverse N2 platforms. To build upon previous silicon successes where leading customers used the first-generation Arm Neoverse N1 platform and Cadence digital and verificat
Why Cadence Design Systems Stock Plummeted Today fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.