According to the EDA Consortium (EDAC) Market Statistics Service (MSS), the Electronic Design Automation (EDA) industry revenue increased 4.9% in the third quarter of 2012. Revenues grew to $1619.9 million, compared to $1543.9 million in Q3 2011. Sequential EDA revenue for Q3 2012 increased 1.7% compared to Q2 2012. The four-quarters moving average increased by 8.8%. Companies that were tracked employed 28,877 professionals in Q3 2012, which is an increase of 6.3% compared to the 27,162 people employed in Q3 2011, and up 2.4% compared to Q2 2012.