Cadence 1Q25
- Revenue down -8% q/q& up 23% y/y to $1.24B; raises FY25 guidance by $10M; stronger than expected bookings- 80% recurring revenue; 20% upfront (licensing and hardware)- Core EDA up 15% y/y and IP up 44%- China down -22% q/q but up 13% y/y; China to be flat y/y in FY25 at the mid-point of the guidance; China design activity strongSource: Sravan Kundojjala
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