Cadence Design Systems (NASDAQ:CDNS) reported its Q4 earnings results on Tuesday, February 22, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Cadence Design Systems beat estimated earnings by 7.89%, reporting an EPS of $0.82 versus an estimate of $0.76.

Revenue was up $13.13 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05 which was followed by a 3.32% increase in the share price the next day.

Here's a look at Cadence Design Systems's past performance:

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This article was generated by Benzinga's automated content engine and reviewed by an editor.