Cadence Design Systems Q4 rev. down 2% YoY to $309 mln.

• Cadence Design Systems reports Q1 2023 revenue of $758.3mln, up 3% YoY • Cloud revenues increased 11% YoY to $330.2mln • Digital & signoff products revenue increased 7% YoY to $401.5mln • Analog & IP products revenue increased 4% YoY to $26.6mln • Cadence Digital Intelligence revenue increased 21% YoY to $81.7mln • Cadence Digital Intelligence subscription revenue increased 25% YoY to $40.9mln