Businessweek

Cadence Design Systems Inc. announced that it helped Yamaha Corporation reduce power consumption for its mobile consumer chips with characterization tools that delivered a 10% reduction in dynamic power to the clock network required for Yamaha ASICs. In addition, the Cadence(R) characterization solution-composed of the Virtuoso(R) Liberate(TM) and Spectre(R) products-provided a 2x speedup in turnaround time for characterization when compared to Yamaha's previous technology. The benefits translate to better power performance in chips that get to market faster.

Cadence Design Systems Inc. announced that GLOBALFOUNDRIES has collaborated with Cadence(R) to provide pattern classification data for manufacturing processes of 20 and 14 nanometers. GLOBALFOUNDRIES is using the Cadence Pattern Classification and Pattern Matching Solutions because they enable up to four times faster design for manufacturing (DFM), which is key to improving customers' silicon yield and predictability. Cadence pattern classification technology allows GLOBALFOUNDRIES to classify hundreds of thousands of yield detractor, process hotspots, and silicon failures into easily usable pattern libraries. Cadence Pattern Search and Matching Analysis are embedded in Cadence Litho Physical Analyzer, Physical Verification System and the unified Virtuoso(R) custom/analog and Encounter(R) Digital Implementation System solutions. This offers GLOBALFOUNDRIES customers the flexibility to leverage the in-design signoff pattern matching and automatic fixing available in Encounter and Virtuoso, which correlates 100% with the full-chip signoff flow and has successfully been used on advanced node production chips. For GLOBALFOUNDRIES customers using Cadence design tools, the silicon-proven DFM flow is easy to use and integrates seamlessly with Cadence custom, digital, and full-chip signoff flows. The integration of pattern matching-based DRC+ into the Virtuoso Layout Suite enables a powerful, correct-by-construction methodology and enables sophisticated avoidance and auto-fixing of bad patterns. Encounter Digital Implementation System has been able to accurately and quickly find and fix 100% of the DRC+ violations without introducing additional DRC or DRC+ violations, and has been successfully used on several 28-nanometer designs.

Cadence Design Systems Inc. announced unaudited consolidated earnings results for the first quarter ended March 30, 2013. For the quarter, the company reported total revenue of $354,266,000 against $315,830,000 a year ago. Income from operations was $58,136,000 against $45,350,000 a year ago. Income before provision (benefit) for income taxes was $51,049,000 against $39,247,000 a year ago. Net income was $78,609,000 or $0.27 per diluted share against $31,104,000 or $0.11 per diluted share a year ago. Net income on a non-GAAP basis $60,637,000 or $0.21 per diluted share against $46,500,000 or $0.17 per diluted share a year ago. Net cash provided by operating activities was $75,336,000 against $60,709,000 a year ago. Purchases of property, plant and equipment was $6,569,000 against $8,201,000 a year ago. Non- GAAP income from operations was $84,483,000. Non-GAAP income before provision (benefit) for income taxes was $81,942,000. Capital expenditures were approximately $7 million. The company provided earnings guidance for the second quarter and full year of 2013. For the quarter, the company expects total revenue in the range of $355 million to $365 million. GAAP net income share per diluted is expected to be in the range of $0.10 to $0.12. Net income per diluted share using the non-GAAP measure is expected to be in the range of $0.19 to $0.21. Net income on a GAAP basis is expected to be in a range of $29 million to $35 million. Net income on a non-GAAP basis is expected to be in a range of $55 million to $61 million. For 2013, the company expects total revenue in the range of $1.440 billion to $1.470 billion. On a GAAP basis, net income per diluted share for 2013 is expected to be in the range of $0.59 to $0.69. Using the non-GAAP measure, net income per diluted share for 2013 is expected to be in the range of $0.81 to $0.91. Net income on a GAAP basis is expected to be in a range of $172 million to $202 million. Net income on a non-GAAP basis is expected to be in a range of $238 million to $268 million. The company estimates that 2013 revenue on a standalone basis would have been approximately $57 million prior to merger accounting. For 2013, the company is assuming the non-GAAP tax rate of 26% and weighted shares outstanding of 290 million to 298 million shares. For 2013, expected operating cash flow in the range of $360 million to $390 million. DSOs for 2013 are projected to be approximately 30 days. Capital expenditures for 2013 are expected to be approximately $40 million.

Cadence Design Systems Inc. announced that they will report Q1, 2013 results on Apr 24, 2013

Cadence Design Systems Inc. Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-07-2013 04:00 PM. Venue: The Westin New York, Times Square Hotel, New York, New York, United States. Speakers: James Haddad, Corporate Vice President of Corporate Finance and Treasurer.