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Cadence Design Reports Q2 Results, Forward Guidance: Here's The Details

Cadence Design Systems, Inc. (NASDAQ:CDNS) reported its second-quarter financial results Monday. Here's a look at the key figures from the report.  The Details: Cadence Design reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.22 by 4.92%. Quarterly sales came in at $1.061 billion which beat the analyst consensus estimate of $1.043 billion and represents an 8.64% increase over sales from the same period last year. The company reported a quarter-end backlog of $6 billion and current remaining performance obligations (cRPO), contract ...