Cadence Reports First Quarter Results

4/16/2002 - Cadence Design Systems, Inc. (NYSE: CDN), the world's leading supplier of electronic design products and services, today announced first quarter pro forma diluted earnings per share of $0.23, up 44 percent over the first quarter of 2001, on revenue of $345 million. For the quarter, product revenue increased 21 percent to $219 million over the comparable quarter in 2001. Cadence® booked 46 percent of its software products as subscription licenses during the quarter. For comparative purposes, except where noted, the results discussed throughout this release reflect earnings before unusual items, amortization of acquired intangibles and deferred stock compensation.

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