Reuters
2024.02.12 23:08
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Cadence Design Systems CEO Anirudh Devgan Says Will Deepen Partnership With Nvidia, Extend It To Millennium Multi-Physics Supercomputer - Conf Call

Cadence Design Systems CEO, Anirudh Devgan, announced plans to deepen the partnership with Nvidia and extend it to the Millennium Multi-Physics Supercomputer. The company added 26 new hardware family members and over 110 repeat customers in the past year. The Q1 outlook assumes an up-front revenue mix of about 14%, with expectations of flat to slightly down sales in China for the full year. Around 1,000 additional staff members are expected by 2024.

Feb 12 (Reuters) - Cadence Design Systems Inc (CDNS.O) :

  • CADENCE DESIGN SYSTEMS CEO ANIRUDH DEVGAN SAYS WILL DEEPEN PARTNERSHIP WITH NVIDIA, EXTEND IT TO MILLENNIUM MULTI-PHYSICS SUPERCOMPUTER - CONF CALL

  • CADENCE DESIGN SYSTEMS CEO SAYS HARDWARE FAMILY ADDED 26 NEW AND OVER 110 REPEAT CUSTOMERS DURING THE YEAR

  • CADENCE DESIGN SYSTEMS CFO SAYS Q1 OUTLOOK AT THE ASSUMES AN UP-FRONT REVENUE MIX OF ABOUT 14%

  • CADENCE DESIGN SYSTEMS EXPECTS CHINA SALES TO BE FLAT TO SLIGHTLY DOWN FOR FULL YEAR

  • CADENCE DESIGN SYSTEMS SAYS ABOUT 1,000 EXTRA STAFF IN 2024 Further company coverage: (CDNS.O)