John Marco Conti's questions to Cadence Design Systems Inc (CDNS) leadership • Q3 2024
Question
John Marco Conti asked about customer appetite for the Cadence.AI suite and its potential to be a material growth driver in 2025. He also questioned if the hardware 'air pocket' would resolve in Q4 and what visibility the company has for 2025.
Answer
CEO Anirudh Devgan stated that the Cadence.AI portfolio is seeing exceptional traction, with sales nearly tripling over the past year and engagement from all top customers. CFO John Wall noted that hardware demand is very robust and the Q4 pipeline is strong, but it is too early to provide a 2025 outlook before converting the Q4 business.