The Week In Review: July 26

Cadence sales up; Dassault buys CAE tools company; Arteris wins deal with CSR; Atrenta expands into Sri Lanka; counterfeit phones decline.

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By Ed Sperling
Cadence’s Q2 revenue increased 11% to $362 million compared to $326 million in the same period in 2012. On a GAAP basis, net income dropped to $9 million compared with $36 million in 2012, but that decrease was impacted by the cost of recent acquisitions and integration of companies. On a non-GAAP basis, income was $61 million compared with $53 million in Q2 2012.

Dassault Systemes, which has been on a buying spree lately, acquired SFE, a German-based maker of CAE tools for the automotive market. Dassault also reported its earnings for Q2. Revenue was 522 million Euros, up from 503 million Euros in the same period in 2012. Net income was 81 million Euros, down slightly from 84 million Euros in Q2 2012.
In addition, Dassault added a unified navigational interface across its 3DExperience PLM platform.

Arteris won a deal with CSR, which is using Arteris’ network on chip technology in its automotive and imaging SoCs. CSR, which is headquartered in the U.K., focuses on automotive navigation and infotainment, imaging and wireless audio.

Atrenta expanded its R&D operation into Sri Lanka, with 35 engineers working out of there and plans to have 50 by the end of this year. The company says it has found talented engineers there who rival those from tier-one schools in India.

The shady gray market for cell phones—counterfeits devices with phony logos—contracted for the second year in a row, according to IHS iSuppli. Worldwide shipments dropped by 12%.