Cadence Design Systems Q2 FY24: where the revenue came from and where it went
The whole income statement of Cadence Design Systems for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2024
- Reported
- Jul 24, 2024
Revenue$1.06B
+9% year over year
Gross profit$0.92B
86% margin
Operating profit$0.29B
28% margin
Net profit$0.23B
22% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 1.06 | 100% | +9% |
| Product & maintenance | 0.96 | 91% | +4% |
| Technology service | 0.10 | 9% | +86% |
| Cost of revenue | −0.15 | 14% | |
| Gross profit | 0.92 | 86% margin | −3pp |
| R&D | −0.37 | 35% | −1pp |
| Sales & marketing | −0.19 | 18% | +0pp |
| G&A | −0.06 | 6% | +0pp |
| Operating profit | 0.29 | 28% margin | −3pp |
| Other income, net | 0.02 | ||
| Tax | −0.09 | ||
| Net profit | 0.23 | 22% margin | −1pp |
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