afternoon, everyone. Thanks, Lip-Bu good and
exceeded As demand metrics. major report to to Lip-Bu performance broad-based of our key lines I quarter. enabled results in third we excellent customer pleased the operating across product our performance achieve and am financial Cadence said, all that
repurchases demand into we $XX as the fourth outlook strong are continue to cash and expect quarter and flow XXXX our quarter. We fourth and for increasing stock raising the fiscal million a to for result,
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the for quarter the Now, starting results let’s go P&L. through with the third key
As rules, EPS against $X.XX reported, and was was XXXX, non-GAAP operating for was XX%, direct XX%, under comparison $X.XX $XXX operating QX GAAP revenue total EPS EPS GAAP revenue old non-GAAP and $X.XX. million, EPS total $X.XX. was margin the And was was $XXX non-GAAP million, non-GAAP was margin was
sheet to of cash cash end U.S. of turn let at Cash cash $XXX in totaled $XXX here was that million outstanding short-term in flow. $XXX flow Next, and $XXX us investments the was end quarter million and Operating Debt million. with approximately balance QX at the million. QX the
$XXX During the of $XX we our and Cadence repurchased term paid existing million off quarter, million shares loan.
XX old were days. the DSOs As DSOs Under were reported, XX rules, days.
ahead, expect the are fourth result, for into to fiscal increasing strong quarter continue we our XXXX. and demand as a outlook Looking we
to we expect $X.XX. QX, For million; non-GAAP XX%; of the million $X.XX margin non-GAAP range $XXX following $X.XX operating GAAP of to the XX% to $XXX to and of range EPS results: the of revenue in range in the $X.XX in EPS
the $X.XX in in fiscal $XXX $X.XX XX.X% of margin XX%, $X.XXX flow range XXXX, the revenue million. and $X.XXX GAAP in the to non-GAAP range billion, in of of non-GAAP we to too $X.XX EPS million billion now cash operating $X.XX, the range expect $XXX For operating to EPS to range of of
half in is XXXX. healthy product Upside this and contributors we lines demand results primary activity are Our revenue for significantly the and better and experienced in hardware broad-based EDA, time QX the our second IP customer our the core hardware we IP our than are outlook product lines. Design and last across for quarter. expected guidance to upside
in Some saw IP revenue. hardware an royalty of of our we uptick customers requested our systems delivery and earlier
professional new resulting The primarily upside timing expenses expense. services expense which QX one-time side, fell was from upside has the our credits of our third also all and half in hires second to benefits to almost quarter. number on Our into of of a for one-time due
be of in XXXX, non-GAAP the cash of IP. million. our of we $XX expect approximately most old GAAP million under that to now $X.XX, EPS approximately the rules is of guidance and rules, of the revenue midpoint million, new flow to margin is fiscal to $X.XX due approximately billion, operating For XX%, which This at means and approximately revenue $XXX expected in EPS be difference of the now under range non-GAAP the XXXX $XXX approximately implied old $X.XX to operating
And first new point and operating year-end our year I expect I is for the accounting great revenue XX, under and be for a pleased old up and our entire customers Cadence rules. I to allowing annual the raise very are shaping like our discipline thing, and the out and progress accounting XXXX. revenue the the in inspiring It the our apples-to-apples quarter year. to On earnings and in the be under make team. the Cadence rules. than of We am both on will us large improve to part margin that time rules by we a would operating new would both played law due X% increase an fourth to take with approximately throughout to same expecting To truly non-GAAP expect Their to XX% have now One tax now for that are February back more the that to new XXXX questions. the be additional up, complete the we year. their sum operational and for on scheduled old growth, release thank our to guidance with like our of drive required cash is work flow to basis revenue successful the passion operator, basis, now we to will to
