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Cadence Design Systems Inc   (CDNS)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology


Cadence Design Systems Inc 's Operating Profit Margin by quarter

Trends, Rankings, Statistics



CDNS Operating Profit Margin (Jun 30 2024)
Q2
(Mar 31 2024)
Q1
(Dec 31 2023)
Q4
(Sep 30 2023)
Q3
(Jun 30 2023)
Q2
Y / Y Revenue Change 8.61 % -1.23 % 18.75 % 13.36 % 13.88 %
Seq. Revenue Change 5.11 % -5.57 % 4.45 % 4.76 % -4.42 %
Revenue In Millions $1,060.68 $1,009.10 $1,068.62 $1,023.09 $976.58
Operating Profit Margin 27.71 % 24.77 % 31.49 % 28.63 % 30.65 %
Operating Profit Margin Total Ranking # 614 # 709 # 609 # 717 # 668
Operating Income In Millions $293.88 $249.96 $336.53 $292.91 $299.33
Y / Y Operating Income Change -1.82 % -22.49 % 59.4 % 12.33 % 5.81 %
Seq. Operating Income Change 17.57 % -25.73 % 14.89 % -2.15 % -7.17 %


Commenting Second Quarter 2024 Operating Profit Margin
Cadence Design Systems Inc Operating Income grew by 17.57 % in II. Quarter sequentially to 294 millions, while Revenue increased by 5.11 %, this led to improvement in the company's Operating Profit Margin to 27.71 %
, above the Cadence Design Systems Inc average Operating Profit Margin.


Observing second quarter 2024 results within Software & Programming industry 7 other companies have achieved higher Operating Profit Margin. While Operating Profit Margin total ranking has impoved so far to 614, from total ranking in previous quarter at 709.
Explain Operating Margin
CDNS's Operating Profit Margin second quarter 2024 Company Ranking
Within: No.
Software & Programming Industry # 8
Technology Sector # 36
Overall # 613

Operating Profit Margin Statistics
High Average Low
35.37 % 20.22 % 9.37 %
(Apr 02 2022)   (Jun 28 2014)




Other Operating Profit Margin Profitability Ratios
CDNS's Cumulative Operating Profit Margin
Software & Programming Industry Operating Profit Margin Trends and Statistics
Technology Sector Operating Profit Margin Statistics
Operating Profit Margin Profitability Trends for overall market
CDNS's Operating Profit Margin Profitability versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Operating Profit Margin
Lowest Ranking Operating Profit Margin
Operating Profit Margin Profit Margin for CDNS's Competitors
Operating Profit Margin Profit Margin for Cadence Design Systems Inc 's Suppliers
Operating Profit Margin Profit Margin for CDNS's Customers

You may also want to know
CDNS's Annual Growth Rates CDNS's Profitability Ratios CDNS's Asset Turnover Ratio CDNS's Dividend Growth
CDNS's Roe CDNS's Valuation Ratios CDNS's Financial Strength Ratios CDNS's Operating Income Growth
CDNS's Roa CDNS's Inventory Turnover Ratio CDNS's Growth Rates CDNS's Dividend Comparisons


Companies with similar Operating Profit Margin in the quarter ending Jun 30 2024, within Software & Programming Industry Operating Profit MarginJun 30 2024 MRQ Operating IncomeJun 30 2024 MRQ Revenue
Consensus Cloud Solutions Inc   45.64 %$ 39.881  Millions$ 87.378  Millions
Gen Digital Inc   43.21 %$ 417.000  Millions$ 965.000  Millions
Adobe Inc   35.51 %$ 1,885.000  Millions$ 5,309.000  Millions
Qualys Inc   32.41 %$ 48.068  Millions$ 148.293  Millions
Leet Technology Inc   29.32 %$ 0.102  Millions$ 0.348  Millions
Cadence Design Systems Inc   27.71 %$ 293.876  Millions$ 1,060.681  Millions
Ansys Inc   26.49 %$ 157.416  Millions$ 594.138  Millions
Solarwinds Corp  25.64 %$ 49.486  Millions$ 193.002  Millions
Veeva Systems Inc   24.64 %$ 166.487  Millions$ 675.809  Millions
Bentley Systems Incorporated  24.29 %$ 80.177  Millions$ 330.144  Millions
Synopsys Inc   23.62 %$ 360.211  Millions$ 1,525.073  Millions
Autodesk Inc   22.79 %$ 343.000  Millions$ 1,505.000  Millions
Electronic Arts Inc   21.93 %$ 364.000  Millions$ 1,660.000  Millions
Marketwise Inc   20.31 %$ 21.334  Millions$ 105.046  Millions
Dropbox Inc   20.02 %$ 127.000  Millions$ 634.500  Millions
Kaltura Inc   19.58 %$ 8.550  Millions$ 43.676  Millions
Salesforce Inc   19.12 %$ 1,783.000  Millions$ 9,325.000  Millions
N able Inc   18.43 %$ 21.979  Millions$ 119.283  Millions
Appfolio Inc   18.25 %$ 36.028  Millions$ 197.375  Millions
Paylocity Holding Corporation  17.61 %$ 62.909  Millions$ 357.287  Millions
Skkynet Cloud Systems Inc   16.52 %$ 0.110  Millions$ 0.666  Millions
Clear Secure Inc   16.25 %$ 30.337  Millions$ 186.745  Millions
Palantir Technologies Inc   15.55 %$ 105.339  Millions$ 677.572  Millions
Progress Software Corp  15.51 %$ 27.148  Millions$ 175.006  Millions
Airship Ai Holdings Inc   15.25 %$ 0.976  Millions$ 6.401  Millions
Teradata Corporation  15.14 %$ 66.000  Millions$ 436.000  Millions
Sps Commerce Inc   15.08 %$ 23.165  Millions$ 153.578  Millions
Blackbaud Inc   14.69 %$ 42.092  Millions$ 286.586  Millions
Tyler Technologies Inc   14.43 %$ 78.035  Millions$ 540.816  Millions
Aci Worldwide Inc   14.38 %$ 53.701  Millions$ 373.479  Millions




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