Innovation is the fuel for profit and so is the EDA for electronics

Irrespective of the global economics ups and downs, the industry which supports R&D will only grow with slight change in growth figures. Innovation is the fuel for profit, that fuel is now more available in the form of software. So for any innovation driven company, software is one type of fuel. This is more true for electronics and semiconductor design companies who depend upon the advanced EDA tools to develop latest VLSI and electronics products. Read the below full release from EDA Consortium on the EDA industry's latest financial performance: The EDA Consortium (EDAC) Market Statistics Service (MSS) has announced that the Electronic Design Automation (EDA) industry revenue increased 6.8 percent for Q3 2013 to $1,729.3 million, compared to $1619.9 million in Q3 2012. Sequential EDA revenue for Q3 2013 increased 4.6 percent compared to Q2 2013, while the four-­-quarters moving average, which compares the most recent four quarters to the prior four quarters, increased by 5.8 percent. The total revenue for the most recent four quarters (Q4 2012 through Q3 2013) was $6,830.3 million. “EDA industry revenue realized continued growth in Q3 2013, with double-­-digit increases in IC physical design and services,” said Walden C. Rhines, board sponsor for the EDAC MSS and chairman and CEO of Mentor Graphics. “Geographically, the Asia-­-Pacific region again reported double d...