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Mentor Graphics Reports Q2 Revenue up 15% YoY
Written by Administrator
Friday, 24 August 2007
WILSONVILLE, OR – Mentor Graphics Corp., maker of electronic automation systems, announced second quarter revenue of $205.7 million, up 15% year-over-year.
Compared to the same period last year, integrated systems design bookings grew 35%; new and emerging bookings grew 5%; scalable verification was down 5%, and IC design to silicon was down 25%, reports Mentor. IC design to silicon is expected to strengthen in the second half, based on a strong renewal pipeline.
Year-over-year, bookings for Europe were up 30%; Pacific Rim was flat; North America was down 15%, and Japan was down 30%, says Mentor.
During the quarter, the company acquired Sierra Design Automation, provider of high-performance place and route solutions.
For the third quarter, the company expects revenue of approximately $200 million. For 2008, the company expects revenue of approximately $860 million. Preliminary guidance for 2009 is for revenue of $920 million.
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