Jul 25, 2012 at 5:00 PM ET
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The following discussion contains forward-looking statements based on current expectations or beliefs, as well as a number of preliminary assumptions about future events that are subject to factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Our actual results may differ materially from those expectations discussed here. You are cautioned not to put undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to a number of risks, uncertainties and other factors, many of which are outside Cadence's control. Additional information concerning factors that could cause such a difference can be found in our Annual Report on Form 10-K for the period ended December 31, 2011, the company's Quarterly Report on Form 10-Q for the period ended March 31, 2012, the cautionary statements regarding forward-looking statements in our earnings press release of July 25, 2012, and the company's future filings with the Securities and Exchange Commission. We expressly disclaim any duty to update the forward-looking statements provided in the following discussion.
In addition to financial results prepared in accordance with Generally Accepted Accounting Principles, or GAAP, this presentation will also contain certain non-GAAP financial measures. Cadence management believes that in addition to using GAAP results in evaluating our business, it can also be useful to measure results using certain non-GAAP financial measures. Investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures with their most direct comparable GAAP financial results, including those set forth in our press release of July 25, 2012 for the quarter ended June 30, 2012, which can be found in the quarterly earnings section of the investor relations portion of our website at www.cadence.com.