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Mentor Graphics Corp. Message Board

  • bluecheese4u bluecheese4u May 25, 2012 9:11 AM Flag

    Mentor Graphics Reports Fiscal First Quarter Results

    Mentor Graphics Reports Fiscal First Quarter Results

    WILSONVILLE, Ore., May 25, 2012—Mentor Graphics Corporation (NASDAQ: MENT)
    today announced financial results for the company’s fiscal first quarter ended April 30, 2012.
    The company reported revenues of $247.9 million, non-GAAP earnings per share of $.30, and
    GAAP earnings per share of $.25. The company raised guidance for fiscal year 2013 non-GAAP
    earnings per share by $.05 to $1.37 and for GAAP earnings per share by $.07 to $1.20.

    “Strength in our business continued in the first quarter, with record first quarter revenue and
    earnings,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “The release of our
    next-generation emulation platform during the quarter has attracted broad customer interest, and
    we have a very full sales funnel. We are also seeing increasing demand for our Calibre family of
    products at advanced process nodes, as the explosion of capacity at 28nm is driving significant
    design activity. With 20nm processes being certified now, and beginning production later in the
    year, we expect that the ongoing move to the 28nm and 20nm generations of technology will
    drive an exceptionally large increase in design activity. This will benefit Mentor and the whole
    electronic design automation industry through 2013.”

    During the quarter, the company announced the availability of the Veloce®2 platform, the next
    generation of emulation solutions for the verification of electronic system and system-on-chip
    (SoC) designs. This included the announcement of a new environment called Veloce VirtuaLAB,
    giving verification engineers access to a full environment for verifying complex electronics
    systems prior to first silicon availability without requiring the building of hardware test systems.

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