WILSONVILLE, OR – Mentor Graphics reported record fiscal fourth quarter revenues of $478 million, up 42% year-over-year.
Net income was $123.1 million, an increase of 105% compared to the same quarter the previous year.
For the full fiscal year ended Jan. 31, revenues were up 9% to $1.28 billion. Orders for the year were up 15% compared to fiscal 2016. Net income was $154.9 million, up 64.4% year-over-year.
Fourth quarter and fiscal 2017 cash flow from operations were all-time records at $178 million and $322 million, respectively.
“Mentor achieved all-time record fourth quarter and full-year revenues, non-GAAP operating margins and non-GAAP earnings per share,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “Customer and shareholder reaction to the agreement of Siemens to acquire Mentor Graphics, announced in the fourth quarter, has been favorable. On February 2, at a special meeting of shareholders, 99.8% of the votes cast approved the transaction.”
“Fourth quarter bookings were up 20% over the same quarter a year ago,” said Gregory K. Hinckley, president of Mentor Graphics. “Scalable Verification, Integrated System Design and New and Emerging product categories drove fourth quarter bookings’ strength.”