Investing.com - Cadence Design (NASDAQ:CDNS) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.52 on revenue of $569.9M. Analysts polled by Investing.com forecast EPS of $0.47 on revenue of $550.22M. That compared to EPS of $0.39 on revenue of $501.7M in the same period a year earlier. The company had reported EPS of $0.49 on revenue of $532.47M in the previous quarter.
Cadence Design follows other major Technology sector earnings this month
On January 30, Microsoft reported second quarter EPS of $1.1 on revenue of $32.47B, compared to forecasts of EPS of $1.09 on revenue of $32.47B.
Apple earnings beat analyst's expectations on January 29, with first quarter EPS of $4.18 on revenue of $84.31B. Investing.com analysts expected EPS of $4.17 on revenue of $83.97B
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