Cadence

OverviewSuggest Edit

Cadence Design Systems is an electronic design automation and intelligent system design provider delivering hardware, software, and IP for electronic design. It offers products and technologies in the areas including custom IC and simulation, digital IC design and signoff, functional verification, IP, as well as system interconnect and analysis. The company serves 5G communications, aerospace and defense, automotive, AI and machine learning industries.

TypePublic
Founded1988
HQSan Jose, CA, USMap
Websitecadence.com
Employee Ratings4.3More
Overall CultureCMore

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)8,100(+8%)
Revenue (FY, 2019)$2.3 B(+10%)
Share Price (Jan 2021)$134.6
Cybersecurity ratingCMore

Key People/Management at Cadence

Lip-Bu Tan

Lip-Bu Tan

Chief Executive Officer, Director
Anirudh Devgan

Anirudh Devgan

President
Tom Beckley

Tom Beckley

Senior Vice President and General Manager, Custom IC and PCB Group
Alinka Flaminia

Alinka Flaminia

Senior Vice President, Chief Legal Officer, and Corporate Secretary
Tina Jones

Tina Jones

Senior Vice President, Global Human Resources
Babu Mandava

Babu Mandava

Senior Vice President and General Manager, IP Group
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Cadence Office Locations

Cadence has offices in San Jose, Austin, Bellevue, Burlington and in 43 other locations
San Jose, CA, US (HQ)
Building 8, 2655 Seely Ave
Austin, TX, US
12301 Research Blvd Building V - Suite 200
Bellevue, WA, US
11900 NE 1st St Suite 300
Burlington, MA, US
55 Network Dr 2nd Floor
Cary, NC, US
200 Regency Forest Dr #260
Columbia, MD, US
6210 Old Dobbin Ln #100
Show all (48)

Cadence Financials and Metrics

Cadence Revenue

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Cadence's revenue was reported to be $2.34 b in FY, 2019 which is a 9.3% increase from the previous period.
USD

Revenue (FY, 2019)

2.3b

Revenue growth (FY, 2018 - FY, 2019), %

9.3%

Gross profit (FY, 2019)

2.1b

Gross profit margin (FY, 2019), %

88.6%

Net income (FY, 2019)

989.0m

EBIT (FY, 2019)

491.8m

Market capitalization (15-Jan-2021)

37.6b

Closing stock price (15-Jan-2021)

134.6

Cash (28-Dec-2019)

705.2m

EV

37.2b
Cadence's current market capitalization is $37.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.8b1.9b2.1b2.3b

Revenue growth, %

7%7%10%9%

Cost of goods sold

256.5m237.4m258.7m266.4m

Gross profit

1.6b1.7b1.9b2.1b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

476.9m479.0m485.4m517.3m518.4m532.5m576.7m580.4m579.6m

Cost of goods sold

61.8m60.8m54.5m63.2m59.0m60.5m70.6m61.5m61.0m

Gross profit

415.1m418.2m430.9m454.1m459.4m472.0m506.2m519.0m518.6m

Gross profit Margin, %

87%87%89%88%89%89%88%89%89%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

465.2m688.1m533.3m705.2m

Accounts Receivable

157.2m190.4m297.1m304.5m

Prepaid Expenses

37.1m63.8m92.6m103.8m

Inventories

39.5m33.2m28.2m55.8m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

544.1m656.0m678.3m747.0m819.5m544.6m538.9m633.4m655.2m

Accounts Receivable

180.6m153.2m170.3m225.8m219.1m240.8m264.8m237.6m274.9m

Prepaid Expenses

41.1m39.2m72.4m61.6m56.0m67.0m76.8m58.9m53.1m

Inventories

30.7m31.9m36.0m30.1m28.6m30.5m37.5m49.3m66.7m
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

203.1m204.1m345.8m989.0m

Depreciation and Amortization

119.6m115.5m118.7m122.8m

Inventories

4.9m5.0m752.0k(33.0m)

Accounts Payable

2.7m(26.0m)1.6m33.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

68.3m137.4m218.5m72.9m148.0m247.4m120.6m227.8m329.3m

Depreciation and Amortization

28.9m58.3m86.6m29.4m59.3m89.0m29.7m61.2m91.4m

Inventories

6.0m2.5m2.3m2.1m1.9m(1.5m)(10.6m)(25.7m)(43.8m)

Accounts Payable

(46.2m)(22.0m)(41.1m)(47.0m)(11.8m)(41.7m)(44.0m)(34.7m)(4.0m)
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USDFY, 2016

Revenue/Employee

263.2k

Debt/Equity

0.9 x

Debt/Assets

0.3 x

Financial Leverage

2.8 x
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Cadence Operating Metrics

Cadence's Backlog was reported to be $2.7b in FY, 2017.
FY, 2016FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019

Remaining Performance Obligations

$2.60 b$2.50 b$2.40 b$2.90 b$2.80 b$2.80 b$3 b$3.60 b

Backlog

$2.50 b$2.70 b

Facility Space Owned, sq. ft.

1.01 m1.01 m1.01 m1.01 m
Show all operating metrics

Cadence Acquisitions / Subsidiaries

Company NameDateDeal Size
Integrand SoftwareFebruary 06, 2020
AWR CorporationJanuary 15, 2020$160 m
nusemiNovember 01, 2017
RocketickApril 28, 2016$40 m
Solomon Design Automation (SDA)October 21, 2014
Jasper Design AutomationJune 16, 2014$170 m
Forte Design SystemsFebruary 18, 2014
TranSwitchFebruary 12, 2014
Evatronix - IP BusinessJune 13, 2013
Cosmic CircuitsMay 23, 2013
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Cadence Revenue Breakdown

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Cadence revenue breakdown by business segment: 5.6% from Services and 94.4% from Product and Maintenance

Cadence revenue breakdown by geographic segment: 7.6% from Japan, 18.5% from Europe, Middle East and Africa, 30.0% from Asia and 43.9% from Americas

Cadence Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

Learn more about our premium products
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Cadence Online and Social Media Presence

Cadence's Trends

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Cadence Company Culture

  • Overall Culture

    C

    65/100

  • CEO Rating

    A+

    80/100

  • Compensation

    B

    70/100

  • Diversity

    B-

    70/100

Learn more on Comparably

Cadence News and Updates

April 22, 2019

Cadence Design Systems shares rally on better-than-expected earnings

Shares of ​Cadence Design Systems Inc. rose in Monday's extended session after the chip-design software company posted quarterly results that exceeded expectations. Cadence Design reported its first-quarter earnings rose to $120.6 million, or 43 cents a share, from $72.9 million, or 26 cents a shar…
December 17, 2018

PCB Software Market 2018: Company Profiles, Segments, Size, Landscape, Top key players like Cadence Design Systems, Demand and Recent Trends by Forecast to 2023

PCB Software Market provides a forward looking perspective on different factors driving or restraining market growth Posted via Industry Today. Follow us on Twitter @IndustryToday
October 15, 2018

Electronic Design Automation 2018 Global Market Key Players – Cadence Design Systems, Mentor Graphics (Siemen), Synopsys, Other prominent vendors, Agnisys – Analysis and Forecast to 2025

WiseGuyRerports.com Presents “Global Electronic Design Automation Market Size, Status and Forecast 2018-2025” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday
October 05, 2018

Physical Intellectual Property Global Market Top Key Players – ARM , Cadence Design Systems , CEVA , Imagination Technologies , Lattice Semiconductor , Rambus , Synopsys and Forecast to 2023

Wiseguyreports.Com Added New Market Research Report On -“Physical Intellectual Property Market 2018 Key Players, Applications and Future Demand Forecast to 2023 ”. Posted via Industry Today. Follow us on Twitter @IndustryToday
July 23, 2018

Cadence Design Systems Inc. (CDNS) CEO Lip-Bu Tan on Q2 2018 Results - Earnings Call Transcript

Cadence Blogs

September 17, 2019

Celsius Thermal Solver

Industry's first complete electrical-thermal co-simulation solution for system analysis
June 14, 2019

Spectre X Simulator

A new massively parallel circuit simulator designed to provide up to 10X performance gains, while maintaining the golden accuracy customers have come to expect from 25 years of Spectre industry leadership
June 14, 2019

Protium X1 Enterprise Prototyping Platform

The first data center-optimized FPGA-based prototyping system providing multi-MHz speed for early software development, hardware/software regressions and full system validation
May 21, 2019

Tensilica Vision Q7 DSP

Doubles vision and AI performance for automotive, AR/VR, mobile and surveillance markets
May 07, 2019

JasperGold Formal Verification Platform

Third-generation formal verification platform featuring machine learning technology and core formal technology enhancements
April 24, 2019

Clarity 3D Solver

Delivers gold-standard accuracy with up to 10X faster simulation performance and unbounded capacity compared to legacy field solver technology
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 Cadence Frequently Asked Questions

  • When was Cadence founded?

    Cadence was founded in 1988.

  • Who are Cadence key executives?

    Cadence's key executives are Lip-Bu Tan, Anirudh Devgan and Tom Beckley.

  • How many employees does Cadence have?

    Cadence has 8,100 employees.

  • What is Cadence revenue?

    Latest Cadence annual revenue is $2.3 b.

  • What is Cadence revenue per employee?

    Latest Cadence revenue per employee is $288.4 k.

  • Who are Cadence competitors?

    Competitors of Cadence include Keysight Technologies, Zuken and Ansys.

  • Where is Cadence headquarters?

    Cadence headquarters is located at Building 8, 2655 Seely Ave, San Jose.

  • Where are Cadence offices?

    Cadence has offices in San Jose, Austin, Bellevue, Burlington and in 43 other locations.

  • How many offices does Cadence have?

    Cadence has 48 offices.