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

CDNS's Net Income Growth by Quarter and Year

Cadence Design Systems Inc 's Net Income results by quarter and year




CDNS Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 323.90 240.39 176.58 173.74
III Quarter September 254.32 186.31 176.31 161.63
II Quarter June 221.12 186.92 155.90 131.29
I Quarter March 241.80 235.34 187.17 123.99
FY   1,041.14 848.96 695.96 590.65



CDNS Net Income fourth quarter 2023 Y/Y Growth Comment
Cadence Design Systems Inc achieved in the fourth quarter 2023, above Company average Net Income growth of 34.74% year on year, to $ 323.90 millions.

Looking into fourth quarter 2023 results within Software & Programming industry 7 other companies have achieved higher Net Income growth. While Cadence Design Systems Inc ' s Net Income rise of 34.74% ranks overall at the positon no. 255 in the fourth quarter 2023.




CDNS Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 34.74 % 36.14 % 1.63 % -73.66 %
III Quarter September 36.5 % 5.67 % 9.08 % 59.23 %
II Quarter June 18.3 % 19.9 % 18.74 % 22.43 %
I Quarter March 2.74 % 25.74 % 50.96 % 2.85 %
FY   22.64 % 21.98 % 17.83 % -40.28 %

Financial Statements
Cadence Design Systems Inc 's fourth quarter 2023 Net Income $ 323.90 millions CDNS's Income Statement
Cadence Design Systems Inc 's fourth quarter 2022 Net Income $ 240.39 millions Quarterly CDNS's Income Statement
New: More CDNS's historic Net Income Growth >>


CDNS Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 27.36 % 29.03 % 0.15 % 7.49 %
III Quarter September 15.01 % -0.33 % 13.09 % 23.11 %
II Quarter June -8.55 % -20.57 % -16.71 % 5.89 %
I Quarter March 0.59 % 33.28 % 7.73 % -81.2 %
FY (Year on Year)   22.64 % 21.98 % 17.83 % -40.28 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Software & Programming Industry #8
Technology Sector #44
Overall #255

Net Income Y/Y Growth Statistics
High Average Low
186.02 % 27.57 % -75.65 %
(Dec 28 2019)   (March 31, 2014)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Software & Programming Industry #8
Technology Sector #44
Overall #255
Net Income Y/Y Growth Statistics
High Average Low
186.02 % 27.57 % -75.65 %
(Dec 28 2019)   (March 31, 2014)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Cadence Design Systems Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
549.84 % 32.03 % -100 %
(Dec 28 2019)  


CDNS's IV. Quarter Q/Q Net Income Comment
Cadence Design Systems Inc achieved in the IV. Quarter 2023 below company average Net Income jump of 27.36% quarter on quarter, to $ 323.90 millions.

Within Software & Programming industry 3 other companies have achieved higher Net Income quarter on quarter growth. While Cadence Design Systems Inc 's Net Income growth quarter on quarter, overall rank is 147.


Net Income Q/Q Growth Company Ranking
Within: No.
Software & Programming Industry #4
Technology Sector #30
Overall #147
Net Income Q/Q Growth Company Ranking
Within: No.
Software & Programming Industry #4
Technology Sector #30
Overall #147
Net Income Q/Q Growth Statistics
High Average Low
549.84 % 32.03 % -100 %
(Dec 28 2019)  


CDNS's IV. Quarter Q/Q Net Income Comment
Cadence Design Systems Inc achieved in the IV. Quarter 2023 below company average Net Income jump of 27.36% quarter on quarter, to $ 323.90 millions.

Within Software & Programming industry 3 other companies have achieved higher Net Income quarter on quarter growth. While Cadence Design Systems Inc 's Net Income growth quarter on quarter, overall rank is 147.


Cadence Design Systems Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 1,041.14 $ 957.64 $ 889.62 $ 855.42 $ 848.95
Y / Y Net Income Growth (TTM) 22.64 % 21.97 % 14.77 % 14.96 % 21.98 %
Year on Year Net Income Growth Overall Ranking # 177 # 47 # 1233 # 91 # 0
Seqeuential Net Income Change (TTM) 8.72 % 7.65 % 4 % 0.76 % 8.13 %
Seq. Net Income Growth (TTM) Overall Ranking # 255 # 68 # 1400 # 976 # 0




Cumulative Net Income growth Comment
Although Cadence Design Systems Inc 's Annual Net Income growth year on year were below company's average 27.57% , Net Income announced in the Dec 31 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 22.64% year on year, from 21.97% in Sep 30 2023.

Within the Technology sector 25 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 47 to 177.

Net Income TTM Q/Q Growth Statistics
High Average Low
186.02 %
27.57 %
-75.65 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Software & Programming Industry # 8
Technology Sector # 26
Overall # 177

Net Income TTM Y/Y Growth Statistics
High Average Low
186.02 %
27.57 %
-75.65 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 8
Sector # 44
S&P 500 # 255
Cumulative Net Income growth Comment
Although Cadence Design Systems Inc 's Annual Net Income growth year on year were below company's average 27.57% , Net Income announced in the Dec 31 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 22.64% year on year, from 21.97% in Sep 30 2023.

Within the Technology sector 25 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 47 to 177.

Net Income TTM Q/Q Growth Statistics
High Average Low
186.02 %
27.57 %
-75.65 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Software & Programming Industry # 8
Technology Sector # 26
Overall # 177

Net Income TTM Y/Y Growth Statistics
High Average Low
186.02 %
27.57 %
-75.65 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 8
Sector # 44
S&P 500 # 255




Other Net Income Growth
Software & Programming Industry Net Income Growth Trends and Statistics
Technology Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
CDNS's Net Income Growth Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for CDNS's Competitors
Net Income Growth for Cadence Design Systems Inc 's Suppliers
Net Income Growth 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 Dividend Payout Ratio
CDNS's Roa CDNS's Inventory Turnover Ratio CDNS's Growth Rates CDNS's Dividend Comparisons



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Cadence Design Systems Inc 34.74%$ 34.738 millions
Cirrus Logic Inc 34.06%$ 34.062 millions
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