Cadence Design Systems (Nasdaq: CDNS) reported earnings on Jan. 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 29 (Q4), Cadence Design Systems beat slightly on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.

Margins grew across the board.

Revenue details
 Cadence Design Systems reported revenue of $345.6 million. The eight analysts polled by S&P Capital IQ anticipated revenue of $341.1 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $308.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.20. The eight earnings estimates compiled by S&P Capital IQ predicted $0.20 per share. GAAP EPS of $1.10 for Q4 were much higher than the prior-year quarter's $0.04 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 87.3%, 310 basis points better than the prior-year quarter. Operating margin was 16.3%, 140 basis points better than the prior-year quarter. Net margin was 90.8%, 8,730 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $342.9 million. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $1.42 billion. The average EPS estimate is $0.90.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 169 members out of 212 rating the stock outperform, and 43 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Cadence Design Systems a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cadence Design Systems is outperform, with an average price target of $15.06.

Software and computerized services are being consumed in radically different ways, on new and increasingly mobile devices. Many old leaders will be left behind. Whether or not Cadence Design Systems makes the coming cut, you should check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.