Cadence announces positive revenue growth for fiscal 2021 (year-end January)
Cadence has reported revenue increasing 11.4% to $3.0 billion in fiscal 2021. This growth was mainly driven by the company’s innovative products and strategic acquisitions. Founded in 1988 in San Jose, CA, through the merger of SDA Systems and ECAD Inc. Cadence develops system design enablement (SDE) solutions that customers use to design whole electronics systems and small and complex integrated circuits (ICs) and electronic devices.
Balance SheetIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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