CIMdata PLM Industry Summary Online Archive
16 July 2008
Financial News
Apache Design Solutions Achieves Twenty-Second Consecutive Quarter of Record Sales with Continued Profitability
Apache Design Solutions announced that the company has achieved its 22nd consecutive quarter of record bookings and revenue, while maintaining profitability. The company’s growth reflects the strength of the Sentinel platform, a chip-package-system co-design/co-analysis and System-in-Package (SiP) solution, by significantly contributing to Q2 sales. Growth in Q2 also came from license expansions of RedHawk in the top tier accounts as they face the challenges of 45nm technology and low power demands.
“Apache’s commitment for close collaboration with our customers and delivering solutions that address their power and noise challenges has contributed to our ability to set quarter after quarter of record sales for more than 5 years,” said Craig Shirley, vice president of worldwide sales.
“The rapid adoption of Sentinel demonstrates the critical need for chip-package co-design by our customers as silicon process and packaging technologies continue to advance,” said Andrew Yang, CEO of Apache. “Apache will continue to innovate and deliver products driven by our customers’ challenges.”
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