| __timestamp | Cadence Design Systems, Inc. | Microchip Technology Incorporated |
|---|---|---|
| Wednesday, January 1, 2014 | 1357226000 | 1128743000 |
| Thursday, January 1, 2015 | 1463638000 | 1229564000 |
| Friday, January 1, 2016 | 1559591000 | 1205464000 |
| Sunday, January 1, 2017 | 1705642000 | 1757196000 |
| Monday, January 1, 2018 | 1879275000 | 2420700000 |
| Tuesday, January 1, 2019 | 2069962000 | 2931300000 |
| Wednesday, January 1, 2020 | 2377393000 | 3242100000 |
| Friday, January 1, 2021 | 2681238000 | 3378800000 |
| Saturday, January 1, 2022 | 3190095000 | 4449600000 |
| Sunday, January 1, 2023 | 3654945000 | 5697900000 |
| Monday, January 1, 2024 | 4430362000 | 4995700000 |
Unlocking the unknown
In the ever-evolving landscape of technology, understanding financial performance is crucial. This analysis delves into the gross profit trends of Cadence Design Systems, Inc. and Microchip Technology Incorporated from 2014 to 2023. Over this decade, Microchip Technology consistently outperformed Cadence Design Systems, with a notable 405% increase in gross profit, peaking at approximately $5.7 billion in 2023. In contrast, Cadence Design Systems saw a 169% rise, reaching around $3.65 billion in the same year.
The data reveals a significant growth trajectory for both companies, with Microchip Technology showing a more aggressive upward trend. However, the data for 2024 is incomplete, indicating potential fluctuations. This comparison not only highlights the competitive nature of the tech industry but also underscores the importance of strategic financial planning in maintaining market leadership.
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