Cadence Design Sys (NASDAQ:CDNS) reported quarterly earnings of $1.96 per share which beat the analyst consensus estimate of $1.90 by 3.16 percent. This is a 24.84 percent increase over earnings of $1.57 per share from the same period last year. The company reported quarterly sales of $1.474 billion which beat the analyst consensus estimate of $1.451 billion by 1.56 percent. This is a 18.68 percent increase over sales of $1.242 billion the same period last year.