The EDA industry had a respectable 2010 and Cadence's yearly fiscal report confirms the fact. This week Cadence reported its 2010 fiscal year results. Overall the news was good with corporate health improving from the previous year. The release of EDA360 has also helped Cadence to focus on a strategy and to begin to implement it tactically. The company reversed a 2009 loss of almost $150 million and reported an income of $142 million. When the performance is seen under a non-GAAP light, the result is an improvement from a loss of $16 million to a gain of almost $53 million. Cadence predict that its revenue for 2011 will surpass the one billion dollars.

The results are also good news for investors that have seen their equity jump from $108 million to $292 million. with the price of one share of stock claiming from $5.99 to $8.26 a gain of almost 38%. Both the cost of marketing and sales, as well as R&D costs increased, but almost all other operating costs were down, resulting in a savings of around $26 million. In the just completed year the company realized a net cash flow of almost $200 million versus a $26 million positive flow the previous year.

Revenue mix by geography shows that Cadence lost 3% points in the Americas during 2010, but gained the same 3% in Asia sales. From a products group point of view, Cadence realized greater income from Functional Verification and Digital IC Design but reported slightly lower percentages for Custom IC Design, and Systems Interconnect.