(Reuters) -Cadence Design Systems raised its annual revenue and profit forecasts on Monday, betting on resilient demand for its chip design software from semiconductor firms amid an AI boom, but tariff-led concerns around its China business cast a shadow. The company raised its forecast for annual adjusted profit per share to a range of $6.73 to $6.83, up from its prior forecast of between $6.65 and $6.75. Sales to China accounted for about 11% of total revenue in the first quarter, down from 12% in the year-ago period.
Author: list.metadata.agency
Published at: 2025-04-28 22:28:23
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