Cadence Reports Fourth Quarter and Fiscal Year 2023 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2023. Fourth Quarter 2023 Financial Highlights Revenue of $1.069 billion, compared to revenue of $900 million in Q4 2022 GAAP operating margin of 31%, compared to 23% in Q4 2022 Non-GAAP operating margin of 43%, compared to 36% in Q4 2022 GAAP diluted net income per share of $1.19, compared to $0.88 in Q4 2022 Non-GAAP diluted net income per share of $1.38, ...