Cadence Design Sys (NASDAQ:CDNS) reported quarterly earnings of $1.57 per share which beat the analyst consensus estimate of $1.49 by 5.37 percent. This is a 34.19 percent increase over earnings of $1.17 per share from the same period last year. The company reported quarterly sales of $1.24 billion which met the analyst consensus estimate. This is a 23.09 percent increase over sales of $1.01 billion the same period last year.