Cadence Design Systems CEO Discusses Q2 2012 Results - Earnings Call Transcript

Cadence Design Systems (CDNS)

Q2 2012 Earnings Call

July 25, 2012 05:00 PM ET

Executives

Alan Lindstrom - Director of IR

Lip-Bu Tan - President & CEO

Geoff Ribar - SVP & CFO

Analysts

Raj Seth - Cowen

Steven Zaccone - Needham & Company

Jay Vleeschhouwer - Griffin Securities

Gus Richard - Piper Jaffray

Thomas Yeh - Bank of America/Merrill Lynch

Sterling Auty - JPMorgan.

Presentation

Operator

Good afternoon. My name is David and I will be your conference operator today. At this time, I would like to welcome everyone to the Cadence Design Systems' Second Quarter 2012 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. (Operator Instructions).

Thank you. I will now turn the call over to Alan Lindstrom, Director of Investor Relations for Cadence Design Systems. Please go ahead.

Alan Lindstrom

Thank you David and welcome to our earnings conference call for the second 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 comments regarding forward-looking statements in the earnings press release issued today.

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