Cadence Design Systems, Inc. (CDNS) Q4 2023 Earnings Call Transcript

Cadence Design Systems, Inc. (NASDAQ:CDNS) Q4 2023 Earnings Conference Call February 12, 2024 5:00 PM ET

Company Participants

Richard Gu – Vice President, Investor Relations

Anirudh Devgan – President and Chief Executive Officer

John Wall – Senior Vice President and Chief Financial Officer

Conference Call Participants

Jason Celino – KeyBanc Capital Markets

Charles Shi – Needham

Vivek Arya – Bank of America Securities

Gary Mobley – Wells Fargo Securities

Jay Vleeschhouwer – Griffin Securities

Harlan Sur – JPMorgan

Gianmarco Conti – Deutsche Bank

Josh Tilton – Wolfe Research

Ruben Roy – Stifel

Joe Vruwink – Baird


Good afternoon. My name is Brianna and I will be your conference operator today. At this time, I would like to welcome everyone to the Cadence Fourth Quarter and Fiscal Year 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I will now turn the call over to Richard Gu, Vice President of Investor Relations for Cadence. Please go ahead, sir.

Richard Gu

Thank you, operator.

I’d like to welcome everyone to our fourth quarter of 2023 earnings conference call.

I’m joined today by Anirudh Devgan, President and Chief Executive Officer, and John Wall, Senior Vice President and Chief Financial Officer.

The webcast of this call and a copy of today’s prepared remarks will be available on our website,

Today’s discussion will contain forward-looking statements, including our outlook on future business and operating results. Due to risks and uncertainties, actual results may differ materially from those projected or implied in today’s discussion. For information on factors that could cause actual results to differ, please refer to our SEC filings, including our most recent Forms 10-K and 10-Q, CFO commentary, and today’s earnings release. All forward-looking statements during this call are

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