Magma Design Automation has reported revenue of $38.3 million for its fiscal 2012 second quarter ended Oct. 30, 2011, up 13 percent from the $33.9 million reported in the year-ago second quarter. During the second quarter, Magma made great business and technical progress—adding a record number of new logos and generating positive cash flow for the 11th consecutive quarter, said Rajeev Madhavan, Magma chairman and chief executive officer. Our product portfolio is the strongest it’s ever been, and as a result, the customer adoption rate is accelerating. The momentum of the Titan™ analog implementation and optimization system continues to grow with more than 30 customers now deploying it in their design flows. Our core Talus implementation platform added 4 new logos and 8 existing customers extended their contracts. Our sign-off tools gained traction this quarter with Tekton now in use by more than 25 customers and QCP adding 10 new logos. The FineSim™ circuit simulator added 9 new logos.