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Cadence announced their 2Q results this afternoon. I listened to the conference call.
You can read all the details of the results in the press release but the big picture is:
- Revenue $379K, net income $23M GAAP or $64M non-GAAP (8, 21c per share, beat estimates by 1c). Equivalent quarter last year was $362M so less than 5% increase)
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Intel announced their quarterly results earlier this week. Their mainline microprocessor business is doing well, especially the highest performance segments for servers, datacenters and cloud computing. Broken down by segment the numbers come out like this:
- PC Client Group revenue of $8.7 billion, up 9 percent sequentially
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