UPADTE 1-Cadence Design posts narrower-than-expected Q1 loss

* Q1 results beat estimates

* Narrows FY loss view; backs 2009 rev view

* Sees Q2 shr loss of $0.07-$0.09, rev $205-$215 mln

April 29 (Reuters) - Microchip-design software maker Cadence Design Systems Inc (CDNS.O) posted a narrower-than-expected quarterly loss, helped by a 19 percent drop in costs, and narrowed its loss view for the year.

Cadence's first-quarter net loss widened to $63.3 million, or 25 cents a share, from a loss of $33.1 million, or 13 cents a share, a year ago.

Excluding items, the company posted a loss of 10 cents a share, 2 cents narrower than analysts expectations.

Revenue fell 24 percent to $206.3 million. Analysts on average expected $204.6 million, according to Reuters Estimates.

The company narrowed its 2009 loss view by 10 cents a share to a range of 77 cents to 89 cents.

It also narrowed its adjusted loss view by 3 cents a share to between 21 cents and 33 cents.

The company, however, backed its full-year revenue view of $830 million to $870 million.

The company, whose rivals include Synopsys Inc (SNPS.O), expects a second-quarter loss of 7 cents to 9 cents a share, excluding items, on revenue of $205 million to $215 million.

Analysts on average were expecting a loss of 9 cents a share, before items, on revenue of $208.4 million, according to Reuters Estimates.

Shares of the San Jose, California-based company closed at $4.81 Wednesday on Nasdaq. (Reporting by Savio D'Souza in Bangalore)