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Cadence Design Systems reported outstanding third-quarter results
Cadence Design Systems reported outstanding third-quarter results, with all key metrics significantly exceeding guidance and backlog reaching a record $8.2 billion. Given the strong business momentum, technology leadership, and AI growth opportunities, the company raised its full-year revenue growth forecast to 21% and increased its earnings per share (EPS) outlook by $0.30 to $8.40. Total revenue for the third quarter was $1.633 billion, with Non-GAAP EPS at $2.11.
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