Convertible subordinated notes, net 48,889 48,518
Revolving note, less current portion 3,000 --
Long-term tax liabilities 6,011 4,968
Other long-term liabilities 3,279
2,374
--------- ---------
Total liabilities 138,133 130,167
--------- ---------

Stockholders' equity:
Common stock 5 5
Additional paid-in capital 389,809 374,183
Accumulated deficit (286,576) (229,479)
Treasury stock at cost (32,615) (32,697)
Accumulated other comprehensive loss (5,383) (4,784)
--------- ---------
Total stockholders' equity 65,240 107,228
--------- ---------
Total liabilities and stockholders'
equity $ 203,373 $
237,395
========= =========



MAGMA DESIGN AUTOMATION, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(Unaudited)

For the For the
Three Months Ended Six Months Ended
-------------------- --------------------
Nov. 2, Sept. 30, Nov. 2, Sept. 30,
2008 2007 2008 2007
-------- -------- -------- --------
Revenue:
Licenses $ 19,742 $ 35,637 $ 45,838 $ 67,626
Bundled licenses
and services 7,486 9,217 17,416 18,874
Services 9,230
8,639 18,946 17,158
-------- -------- -------- --------
Total revenue 36,458 53,493 82,200 103,658
-------- -------- -------- --------
Cost of revenue:
Licenses 4,958 4,603 9,767 9,927
Bundled licenses
and services 2,346 2,117 4,865 4,541
Services 5,048 5,254 10,050 10,100
-------- -------- -------- --------
Total cost of
revenue 12,352 11,974 24,682 24,568