San Jose--July 22, 1998--Cadence Design Systems, Inc.(San Jose) announced record revenue and strong operating results for thesecond quarter of 1998.
Revenue of $291.8 million for the second quarter increased 39 percent compared tothe prior year quarter while diluted earnings per share of $0.28 increased33 percent. Software product revenue for the second quarter was up 39 percent from theprior year quarter to $162.5 million, while services revenue increased 63 percent to$64.7 million for the quarter. Maintenance revenue for the second quarter wasup 19 percent from the prior year quarter to $64.5 million.
Cadence saw strong revenue growth across its product line portfolio.Place and route product revenue for the quarter grew over 60 percent compared to theprior year second quarter led by Silicon Ensemble DSM, which experiencedrevenue growth of over 100 percent. Design planning products also experiencedsignificant revenue growth. The Company's Custom IC business unitexperienced strong revenue growth in physical verification, mixed signal, andphysical design.
Cadence Design Systems, Inc.
San Jose, CA
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