Who Generates More Revenue? Intuit Inc. or Cadence Design Systems, Inc.

Revenue Race: Intuit Inc. vs. Cadence Design Systems, Inc.

In the dynamic world of technology, revenue growth is a key indicator of a company's success. Over the past decade, Intuit Inc. and Cadence Design Systems, Inc. have been at the forefront of this race. From 2014 to 2023, Intuit Inc. has consistently outpaced Cadence Design Systems, with revenue growing by approximately 218%, reaching a staggering $14.37 billion in 2023. In contrast, Cadence Design Systems saw a commendable growth of 159%, culminating in $4.09 billion in the same year. This data highlights Intuit's robust market strategy and its ability to capture a larger share of the financial software market. However, Cadence's steady growth in the electronic design automation sector is noteworthy. As we look to the future, the absence of 2024 data for Cadence leaves room for speculation on whether it can close the gap with Intuit.