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Mentor Expects Q4 Revenue to Soar |
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Written by Mike Buetow
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Tuesday, 11 January 2005 |
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WILSONVILLE, OR, Jan. 11, 2005 -- Mentor Graphics
said preliminary fourth-quarter bookings and revenues suggest records
in both categories, with revenues expected to exceed First Call
consensus estimates of $204 million.
Bookings were up about 40% year-over-year. Backlogs rose 35% from a year ago, the company said.
However, special charges are expected to
result in GAAP basis earnings below guidance. Pro-forma earnings are
expected to modestly exceed consensus estimates.
Bookings was broad-based across all regions and product lines. North America was up 15%, Europe 50%, and Japan and the Pacific Rim both up over 100% vs. last year.
Mentor will release fourth quarter and full year results after market close on Jan. 27.
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