"A new era is upon us," concluded Heppelmann. "To win in the new century requires a new way of thinking. For manufacturers, it's about making fundamentally smarter strategy decisions. Today, advantage goes to those who differentiate their product and service offering, and PTC is proud to align itself with leading global brands that are poised to win in the new competitive era by achieving product and service advantage."
On April 25, 2012
Cadence Design Systems, Inc. (NASDAQ; CDNS), now calling itself “The Leader in Global Electronic Design Automation,” reported its financial results for the first quarter of its fiscal year 2012, a time period which corresponds to the Nominal Q1 2012 designation of this EDA newsletter.
Cadence reported nominal Q1 2012 revenue of $315.830 million, up 18.7% compared to revenue of $266.102 million reported for the same period in 2011. On a GAAP basis, Cadence recognized net income of $31.104 million, (or $0.11 per share on a diluted basis) in the first quarter of 2012, up by a factor of 4.92 compared to net income of $6.323 million, (or $0.02 per share on a diluted basis) in the same period in 2011.
Guidance provided three months ago stated that, for the first quarter of 2012, the company expected total revenue in the range of $305 million to $315 million. First quarter GAAP net income per diluted share was expected to be in the range of $0.08 to $0.10.
“Cadence is off to a good start for 2012, with strong operating performance leading to an increase in our outlook,” said Lip-Bu Tan, president and chief executive officer.
“We continue to roll out new technology, including the newest release of our
Encounter digital design platform targeted at the 20-nanometer node, as well as new design IP products for memory, networking and high-performance computing.”
“Our operating performance in Q1 gives us confidence that we will achieve our long term profitability and growth objectives,” added Geoff Ribar, senior vice president and chief financial officer.
“I am also pleased by the reduction in DSOs, accounts receivable and deferred revenue, driven by our ongoing efforts to match cash collections with the timing of revenue recognition.”
For nominal Q2 2012, the company expects total revenue in the range of $315 million to $325 million. Second quarter GAAP net income per diluted share is expected to be in the range of $0.13 to $0.14.
For the entire year 2012, the company expects total revenue in the range of $1,270 million to $1,300 million. On a GAAP basis, net income per diluted share for 2012 is expected to be in the range of $0.45 to $0.49.
Cadence self description
Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, California, with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company and its products and services is available at www.cadence.com.
News about Cadence from Gabe Moretti May 02, 2012
Cadence Expands OrCAD Capture Marketplace
Cadence Design Systems, Inc. has expanded the availability of its Cadence OrCAD Capture Marketplace to the entire OrCAD and Allegro PCB design community through a standard desktop browser, as well as the addition of several new apps and a trial period for paid apps. Launched in September 2011, OrCAD Capture Marketplace extends and enhances a PCB engineer's design environment by providing the industry's first online store for apps, as well as access to symbols, footprints, simulation models, and PCB-design related multimedia, including application notes, movies, and whitepapers.
The expansion of OrCAD Capture Marketplace allows users to view and download content through any web-enabled device. This gives the entire engineering team easy access to OrCAD Capture Marketplace content and information. Currently, nearly a third of the apps on the website are SKILL®-based apps for version 16.5 of OrCAD/Allegro PCB Editor that provide new or enhanced functionality to the tool.
Offering a 'try-before-you-buy' approach, the new trial period for paid apps allows users to evaluate the full version of an app within their PCB design environment before committing to a purchase. Trial periods for app evaluations range from seven to fifteen days.
"In the six months that the marketplace has been active, the overwhelming response from OrCAD users has validated our vision that there is a pervasive, industry-wide need for on-demand content to enhance and extend the PCB design environment," said Josh Moore, director of product marketing for OrCAD, System and Software Realization Group, Cadence. "Until now, access to OrCAD Capture Marketplace has only been available to OrCAD Capture users on the latest release, yet there have already been over 2,000 downloads. The expansion of our OrCAD Capture Marketplace to desktop browsers will extend access to all OrCAD and Allegro users."
On May 25, 2012 Mentor Graphics Corporation (NASDAQ: MENT) announced financial results for the company’s fiscal first quarter ended April 30, 2012, a period which corresponds to Nominal Q1 2012 for EDA Commentary purposes.
The company reported nominal Q1 2012 revenues of $247.918 million, net income of $28.182 million and GAAP earnings per share of $0.25. These results compare to year-over-year revenues of $230.035 million in Q1 2011, a net loss of $2.353 million, and an EPS of -$0.02.
Q1 2012 Guidance supplied 3 months ago was for revenues of $255 million and GAAP EPS of $0.19.
In reporting its Q1 2012 results, the company raised guidance for fiscal year GAAP earnings per share by $.07 to $1.20.
“Strength in our business continued in the first quarter, with record first quarter revenue and earnings,” said Dr. Walden C. Rhines, chairman and CEO of Mentor Graphics.
“The release of our next-generation emulation platform during the quarter has attracted broad customer interest, and we have a very full sales funnel. We are also seeing increasing demand for our Calibre family of products at advanced process nodes, as the explosion of capacity at 28nm is driving significant design activity. With 20nm processes being certified now, and beginning production later in the year, we expect that the ongoingmove to the 28nm and 20nm generations of technology will drive an exceptionally large increase in design activity. This will benefit Mentor and the whole electronic design automation industry through 2013.”