The EDA Consortium released 1st quarter results for 2013 and the news continues to be not only encouraging but also significant. EDA revenues increased 8.1 percent from the first quarter of last year to $1.67 billion. The four-quarter moving average increased by 7 percent with total revenue for the last four quarters at $6.66 billion, not bad at all.
When you see strong growth in the Services sector, this suggests business is strong and companies need to look elsewhere because internal needs cannot meet the demand timely and hiring outside is the fastest, and in many cases, the most reasonable solution. This also suggests that hiring is still robust (as I can certainly attest to) and that the hiring pool continues to diminish, making it harder and harder for companies to find good people. Either way this is great for EDA as the more people working, the more tools needed to get the job done.