Cadence Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2023.
- Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2023.
- “I'm thrilled about the opportunities ahead of us, particularly in AI and 3D-IC.
- “I’m pleased with our record year-end backlog of $6.0 billion and cRPO of $3.2 billion, and I look forward to building on that strength in 2024.”
Commentary on the fourth quarter and fiscal year 2023 financial results by John Wall, senior vice president and chief financial officer, is available at www.cadence.com/cadence/investor_relations . - For the first quarter of 2024, the company expects:
The company utilizes a long-term projected non-GAAP tax rate, which reflects currently available information, as well as other factors and assumptions.