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mcgrathdylan
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Blogger
re: Cadence beats estimates, sees growth ahead
mcgrathdylan   2/4/2011 7:54:00 PM
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@garydpdx- I believe that you are generally correct- Cadence used to count revenue during the quarter when a deal was booked, rather than over the life of a contract. The company has been in the midst of a transition to a "ratable" accounting model, which recognizes revenue over the life of a contract. I may be wrong, but I believe that Cadence is still in the midst of making this transition. Also, I am not sure that the accounting model change is completely responsbile for the fact that Cadence is a smaller company revenue wise than it was a few years ago. I believe the comapny over the years also lost some market share in some areas, though analog I believe is not one of them.

garydpdx
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CEO
re: Cadence beats estimates, sees growth ahead
garydpdx   2/4/2011 4:40:58 PM
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I believe that in the time period that you cite, Cadence was using a different accounting scheme. Cadence changed under their previous CEO (an ex-Intel person who was based in Oregon, or at least kept his home there during his tenure) and is in the process of changing back to a more traditional scheme, if not already.

eewiz
User Rank
CEO
re: Cadence beats estimates, sees growth ahead
eewiz   2/4/2011 4:28:46 PM
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If I remember correctly CDNS used to do 400m$/Q in 2006-7. What has actually happened? Did the Analog EDA market shrink by 150m?



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