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TheStreet Open House

Cadence Design Systems CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: CDNS

Cadence Design Systems, Inc. (CDNS)

Q1 2012 Earnings Call

April 25, 2012 5:00 pm ET

Executives

Alan Lindstrom - Director, IR.

Lip-Bu Tan - President and CEO

Geoff Ribar - Senior Vice President and CFO

Analysts

Richard Grace - RBC Capital Markets

Gus Richard - Piper Jaffray

Tom Diffely - D. A. Davidson & Co.

Thomas Yeh - BofA Merrill Lynch

Simran Brar - Cowen

Jay Vleeschhouwer - Griffin Securities

Presentation

Operator

Good afternoon. At this time, I would like to welcome everyone to the Cadence Design Systems first quarter 2012 earnings conference call. (Operator Instructions) I will now turn the call over Alan Lindstrom, Director of Investor Relations for Cadence Design Systems. Please go ahead.

Alan Lindstrom

Thank you. And welcome to our earnings conference call for the first quarter of fiscal 2012. The webcast of this call can be accessed through our website, cadence.com and will be archived for two weeks.

With us today are Lip-Bu Tan, President and CEO of Cadence, and Geoff Ribar, Senior Vice President and CFO. Please note that today's discussion will contain forward looking statements and that our actual results may differ materially from those expectations. For information on the factors that could cause the difference in our results, please refer to our filings with the Securities and Exchange Commission. These include Cadence's most recent reports on Form 10-K and Form 10-Q, including the company's future filings, and the cautionary statements regarding forward-looking statements in the earnings press release issued today.

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