AWR Announces Record Financial Performance for First Half of FY2009

EL SEGUNDO, Calif.—(BUSINESS WIRE)—November 12, 2008— AWR, the innovation leader in high-frequency electronic design automation (EDA), today announced record revenues for the first half of the companys 2009 fiscal year. Building on record revenues set in fiscal year 2008, the company was able to top the previous record six-month totals despite a weakened economy and softening demand for EDA design tools during the current period. Cash and cash investments at the end of the second half of fiscal 2009 increased to new highs compared to the record amount recorded at the end of fiscal 2008.

 

Achieving record revenues for the first half of fiscal 2009, along with double-digit increases in renewable revenue and continued profitability, have been great accomplishments for AWR, especially in light of the unsettled economic environment, said Rick Bottomley, chief financial officer of AWR. Our financial results reflect the outstanding commitment AWR employees have made to our customers and our overall success in continuously providing best-of-breed solutions to our customers so they can develop next-generation products and take market share from their competitors.

Challenges of fierce competition coupled with todays uncertain global economy make it essential for customers to be confident that the tools in which they invest will ensure they can compete successfully by getting their products to market quickly and economically. The companys positive financial outlook remains high in the second half of the year with third quarter bookings projected to achieve record levels.

AWR also announced today that it has changed its name from Applied Wave Research, Inc. to AWR Corporation. The change was made to reflect the success and world-wide recognition of the AWR brand name.

About AWR

AWR is the innovation leader in high-frequency EDA software that dramatically reduces development time and cost for products employed in wireless, high-speed wired broadband, aerospace and defense, and electro-optical applications. The companys core technology is unique among high-frequency EDA platforms in that it is inherently open and flexible. AWR continually strengthens its product portfolio with innovative new technologies that enable faster, more streamlined product development, the most recent of which are the ACE, RFA, and AXIEM tools. The privately-held company has thousands of active users and is headquartered at 1960 East Grand Avenue, Suite 430, El Segundo, Calif. 90245. For more information about AWR and its products, please visit www.awrcorp.com.

Copyright © 2008 AWR Corporation. All rights reserved. AWR and the AWR logo are registered trademarks, and ACE, AXIEM, and RFA are trademarks of AWR Corporation. All others may be trademarks of their respective holders.



Contact:

AWR Corporation
Sherry Hess, Vice President of Marketing
310-726-3000
Email Contact




Review Article Be the first to review this article
Aldec

 True Circuits: Ultra PLL

Featured Video
Latest Blog Posts
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Automation of the UVM Register Abstraction Layer
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Virtual 2020 CEO Outlook Set for June 17
Colin WallsEmbedded Software
by Colin Walls
Multiple constructors in C++
Jobs
Senior Layout Engineer for EDA Careers at EAST COAST, California
Software Engineer for EDA Careers at RTP, North Carolina
Senior Analog Design Engineers #5337 for EDA Careers at EAST COAST, California
Senior Application Engineer Formal Verification for EDA Careers at San Jose and Austin, California
Upcoming Events
Sensors Expo & Conference at McEnery Convention Center 150 W. San Carlos Street SAN JOSE CA - Jun 22 - 24, 2020
Nanotech 2020 Conference and Expo at National Harbor MD - Jun 29 - 1, 2020
IEEE Computer Society Annual Symposium on VLSI (ISVLSI) 2020 at Limassol Hotel, Amathus Area, Pareklisia Cyprus - Jul 6 - 8, 2020
57th Design Automation Conference 2020 at San Francisco CA - Jul 19 - 23, 2020
Verific: SystemVerilog & VHDL Parsers



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise