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Mentor Raises Annual Guidance |
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Written by Tracy Heffner
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Tuesday, 17 April 2007 |
WILSONVILLE, OR – Mentor Graphics Corp. announced guidance for fiscal quarter ending April 30, 2007, the first quarter of Fiscal 2008. At the beginning of 2007, the company changed its fiscal year to the twelve months ending January 31 and, accordingly, had a one-month 2007 transition period. At that time, the company stated that until completion of the accounting close for that period, the company would not provide quarterly guidance. Mentor has now substantially completed its accounting close for the one-month period ended January 31, 2007 and is in a position to provide guidance for first quarter and full fiscal year 2008.
The company expects revenue of about $187 million for the fiscal quarter ending April 30, 2008. Based on the strong bookings growth through the first quarter, the company is also raising its full fiscal year 2008 revenue guidance to approximately $844 million.
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