Cadence Design Systems (CDNS) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased sequentially and rose substantially compared with the same quarter a year earlier. The trailing twelve-month revenue continued the upward trajectory observed throughout the fiscal year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased sequentially and rose substantially compared with the same quarter a year earlier. The trailing twelve-month revenue continued the upward trajectory observed throughout the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+4.5%
Change from the immediately preceding quarter.
Year-over-year
+18.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.1B
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 |
|---|---|---|
| Mar 31, 2023 | $1B | +13.3% |
| Jun 30, 2023 | $976.6M | +13.9% |
| Sep 30, 2023 | $1B | +13.4% |
| Dec 31, 2023 | $1.1B | +18.8% |
Revenue performance
Revenue in the reported quarter was higher than the prior quarter, as well as materially higher than the same quarter one year ago. This performance reflects a continuation of the positive year-over-year growth pattern seen in each preceding quarter of the year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased modestly. Relative to the same quarter one year prior, the growth was strong and represented the largest year-over-year gain among all quarters in the trailing twelve-month period.
What to watch
No commentary or risk factors in the filing explain the revenue change; therefore any shifts are unsupported by provided context.