Richard Gu, vice president, investor relations - Cadence …

John Wall, senior vice president and chief financial officer Thanks, Anirudh, and good afternoon, everyone. I am pleased to report that Cadence delivered a strong Q4 and 2023, driven by …

CouponFollow Extension

FAQs about Richard Gu, vice president, investor relations - Cadence … Coupon?

Does cadence have a recurring revenue model?

Cadence had an excellent 2022 and we begin 2023 with a lot of confidence and strong momentum, on the back of the stability and resilience you’d expect from a predominately recurring revenue model. Our most recent fiscal year ended on December 31, 2022. ...

Does Cadence's new regulations affect a company's business?

Most of the regulations were targeted at some chip companies or manufacturing companies. As you know, we are in the design process. So those regulations, the latest round doesn't have a big effect on Cadence business. Now there are some companies added to the entity list. So, we monitor that carefully. ...

How much cash is needed to repurchase cadence shares?

GAAP operating margin of approximately 31%. Non-GAAP operating margin of approximately 42%. GAAP EPS in the range of $0.85 to $0.91. Non-GAAP EPS in the range of $1.30 to $1.36, and we expect to use approximately $125 million of cash to repurchase Cadence shares. ...

What did GUC do in Q4?

In Q4, GUC successfullydelivered an advanced HPC design and a CPU design using our digital full flow and Cadence Cerebrus on TSMC N5 process technology, delivering 8% reduced power and a 9% area improvement while significantly improving engineering productivity. ...

Why does cadence have a lot of engagements?

And we have a lot of engagements that have picked up since we —because they are now in a bigger home, the whole Cadence reach. So we have a lot of engagements which are picked up with the hyperscalers, and with other companies, even in other industries because a lot of companies have big data centers, whether they’re internal or on the cloud. ...

What makes cadence unique?

Cadence’s innovative solutions are essential and especially relevant in the current environment, enabling customers to achieve their increasingly challenging design goals. Secular megatrends such as 5G, hyperscale computing, and AI/ML that are driving sustained long-term semiconductor and system growth remain unchanged. ...