Cadence Design Sys (NASDAQ:CDNS) reported quarterly earnings of $1.65 per share which beat the analyst consensus estimate of $1.58 by 4.63 percent. This is a 28.91 percent increase over earnings of $1.28 per share from the same period last year. The company reported quarterly sales of $1.275 billion which beat the analyst consensus estimate of $1.261 billion by 1.15 percent. This is a 20.17 percent increase over sales of $1.061 billion the same period last year.