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Cadence Design reports Q4 EPS 96c, consensus 92c

Reports Q4 revenue $900M, consensus $884.8M. CEO Anirudh Devgan says: "Cadence delivered record results for 2022 driven by our innovative solutions and strong execution to our Intelligent System Design(TM) strategy. I remain confident in the long-term secular mega-trends that continue to fuel robust design activity across semi and system companies. As we start off 2023, I’m excited about our momentum and look forward to driving further innovation and customer success."

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