How did Cadence Design's revenue and expenses trend in Q4 2024?

In Q4 2024, Cadence Design Systems (CDNS) saw a revenue of $427.76 million, with R&D expenses amounting to $392.03 million. This indicates a strong focus on innovation, which is crucial for maintaining a competitive edge in the design software industry.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|CDNS|CDNS.O|Cadence Design|20240101-2024|Services|4.27755E8|185|
|CDNS|CDNS.O|Cadence Design|20240101-2024|Services|3.11061E8|185|
|CDNS|CDNS.O|Cadence Design|20240101-2024|Services|1.95942E8|185|
|CDNS|CDNS.O|Cadence Design|20240101-2024|Product and Maintenance|9.13385E8|185|
|CDNS|CDNS.O|Cadence Design|20240101-2024|Product and Maintenance|9.13385E8|185|
|CDNS|CDNS.O|Cadence Design|20240101-2024|Services|9.5718E7|185|

|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|R&D Expenses|market_code|
|---|---|---|---|---|---|---|
|CDNS|CDNS.O|Cadence Design|2024 Q1|2.54712E8|3.78958E8|185|
|CDNS|CDNS.O|Cadence Design|2024 Q2|2.56828E8|3.7074E8|185|
|CDNS|CDNS.O|Cadence Design|2024 Q3|2.70492E8|4.07369E8|185|
|CDNS|CDNS.O|Cadence Design|2024 Q4|2.88109E8|3.92026E8|185|