CIMdata PLM Industry Summary Online Archive
23 August 2013
Financial News
Mentor Graphics Achieves Record Results in Q2
Mentor Graphics Corporation today announced financial results for the company’s fiscal second quarter ended July 31, 2013. The company reported revenues of $253.2 million, non-GAAP earnings per share of $0.26, and GAAP earnings per share of $0.19.
“Revenue, bookings and operating income were all-time records for a second quarter,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “New capabilities for 20, 14 and 10 nanometer technologies, and the performance enhancements these advanced nodes enable, were the principal forces driving strength in the Calibre products and Veloce emulation. Record first- half bookings, book to bill and backlog reinforce our confidence for fiscal 2014 and beyond.”
In support of the many innovations emerging in integrated circuits manufactured at 20, 14 and 10 nanometers, such as FinFETs and multi-patterning, the company in second quarter announced several new milestones in the Calibre® ecosystem of strategic partnerships with TSMC, Samsung, GLOBALFOUNDRIES and Freescale. The company also announced that its Questa® and Veloce® functional verification platforms were chosen by ARM to allow licensees to test compliance with the specifications of the ARM AMBA 5 and AMBA 4 interconnects.
In addition, the company announced the Capital® Harness™ TVM software serving the automotive, aerospace and defense industries. The product automatically generates detailed harness manufacturing process and cost data that is specific to each customer’s harness design, factory and cost models.
“Scalable verification, in particular emulation, highlighted an excellent quarter. Strong renewal activity and emulation drove a 70% year-on-year increase in bookings,” said Gregory K. Hinckley, president of Mentor Graphics. “Exceeding non-GAAP guidance by 50% and last year’s results by nearly 20% is evidence of our continuous attention to operating expenses. Third quarter guidance reflects the successful ramp of emulation production and customer demand for this enabling technology.”
Outlook
For the third quarter of fiscal 2014, the company expects revenues of about $260 million, non-GAAP earnings per share of about $0.19, and GAAP earnings per share that are approximately $0.11. For the full fiscal year 2014, the company is maintaining revenue expectations of about $1.155 billion and is increasing its forecast of non-GAAP earnings per share to about $1.59. It now forecasts GAAP earnings per share of approximately $1.31.
About Mentor Graphics
Mentor Graphics Corporation is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world’s most successful electronic, semiconductor and systems companies. Established in 1981, the company reported revenues in the last fiscal year of nearly $1,090 million. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.