Cadence Design Systems, Inc. (NASDAQ:CDNS) announced results for the fourth quarter and fiscal year 2011. Cadence reported fourth quarter 2011 revenue of $308 million, compared to revenue of $249 million reported for the same period in 2010. On a GAAP basis, Cadence recognized net income of $11 million, or $0.04 per share on a diluted basis in the fourth quarter of 2011, compared to a net loss of $37 million, or $(0.14) per share on a diluted basis in the same period in 2010. Revenue for 2011 totaled $1,150 million, compared to revenue of $936 million for 2010. Net income for 2011 was $72 million, or $0.27 per share on a diluted basis, compared to net income of $127 million or $0.48 per share on a diluted basis for 2010. The GAAP net income for 2010 included a $148 million income tax benefit related to the settlement of an Internal Revenue Service examination of Cadence’s federal income tax returns for the tax years 2000 through 2002 and a $67 million acquisition-related income tax benefit.
Cadence Design Systems, Inc. develops electronic design automation software and hardware for customers worldwide.

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Technical Communications Corporation (Nasdaq:TCCO) announced its results for the first quarter of its 2012 fiscal year. For the quarter ended December 24, 2011, the Company reported net income of $929,000, or $0.51 per share, on revenue of $4,441,000, compared to net income of $498,000, or $0.27 per share, on revenue of $2,735,000 for the quarter ended December 25, 2010.

Technical Communications Corporation designs, develops, manufactures, distributes, markets, and sells communication security devices and systems worldwide.

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ShoreTel, Inc. (NASDAQ:SHOR), announced financial results for the second quarter of fiscal year 2012, which ended Dec. 31, 2011. In a separate release, the Company announced the signing of a definitive agreement to acquire M5 Networks (”M5″), a recognized leader in hosted Unified Communications. For the second quarter of fiscal year 2012, revenue was $58.0 million, up 8 percent sequentially from the first quarter of fiscal 2012 and up 22 percent from the second quarter of fiscal year 2011. The GAAP net loss for the quarter was $(2.5) million, or $(0.05) per share, compared with a GAAP net loss of $(3.7) million, or $(0.08) per share, for the second quarter of fiscal year 2011. Excluding stock-based compensation expenses of $3.3 million, amortization of intangible assets of $0.2 million, and a litigation settlement of $0.5 million and related tax adjustments, non-GAAP net income for the second quarter of fiscal year 2012 was $1.4 million or $0.03 per diluted share, compared with a non-GAAP net loss of $(1.0) million, or $(0.02) per share, for the second quarter of fiscal year 2011.

Shoretel, Inc., together with its subsidiaries, engages in the development and sale of Internet protocol (IP) communications systems for enterprises in the United States and internationally.

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