Cadence Design Systems (CDNS) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth reflects continued expansion in the company's core business.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth reflects continued expansion in the company's core business.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
+13.5%
Change from the immediately preceding quarter.
Year-over-year
+13.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 2, 2022 | $857.5M | +17.7% |
| Oct 1, 2022 | $902.6M | +20.2% |
| Dec 31, 2022 | $899.9M | +16.4% |
| Mar 31, 2023 | $1B | +13.3% |
Revenue performance
Reported revenue rose from the prior quarter, marking a sequential improvement. The year-over-year comparison also showed an increase, indicating sustained demand.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was higher. Versus the same quarter a year earlier, revenue also increased.
What to watch
Monitor whether the sequential growth rate can be maintained in the coming quarters.