India, Feb. 12 -- Cadence Design Systems (CDNS) revealed a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $323.90 million, or $1.19 per share. This compares with $240.39 million, or $0.88 per share, in last year's fourth quarter.
Excluding items, Cadence Design Systems reported adjusted earnings of $376.21 million or $1.38 per share for the period.
Analysts on average had expected the company to earn $1.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 18.9% to $1.07 billion from $0.90 billion last year.
Cadence Design Systems earnings at a glance (GA...