Cadence Design Systems ( CDNS) posted a sharp increase in its bottom line, surpassing analyst expectations.

And the San Jose, Calif., maker of software used for designing semiconductors and other electronic devices provided an outlook for the full year that suggested more good times ahead.

Cadence said sales in the three months ended Dec. 30 totaled $438 million, above the company's guided range as well as Wall Street expectations of $412 million.

Net income surged 82% year over year, to $48.4 million, or 16 cents a share.

Excluding items such as stock compensation expenses and amortization of purchased intangibles, Cadence said its net income was $116 million, or 38 cents a share.

By that measure, analyst polled by Thomson Financial were looking for EPS of 35 cents.

Shares of Cadence were recently up 8 cents in extended trading to $19.

"We had outstanding execution across all elements of our business, especially fueled by technology innovation and significant customer engagements in all regions," said CEO Mike Fister in a statement.

Cadence guided first-quarter revenue between $355 million and $365 million, with adjusted EPS between 23 cents and 25 cents. The average analyst expectation was for $358.3 million in sales with 24 cents EPS.

For the full year, the company expects to earn $1.26 a share to $1.34 a share before items -- above analyts' expectations -- on revenue of revenue in the range of $1.58 billion to $1.623 billion.

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