WILSONVILLE, OR – Mentor Graphics today reported fiscal third-quarter revenues ended Oct. 31 of $292.7 million, up 6.2% year-over-year.
Net income for the period was $21 million, a decrease of 17.6% compared to the same quarter in 2013.
For the nine months ended Oct. 31, the PCB and semiconductor design software firm posted revenues of $805.1 million, up 6.6% year-over-year. Net income for the nine-month period ended Oct. 31 was $32.7 million, down 34.3% compared to last year.
“We had revenue and non-GAAP earnings per share that were both records for a third quarter,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “Strength in automotive products and services continued in the quarter and expanded into the broader transportation market, as aerospace and commercial vehicles also transition from mechanical to electronic systems. We are pleased with our momentum heading into the fourth quarter, with continued strength in transportation, high demand for design-to-silicon products and a growing pipeline of emulation customers.”
For the fourth quarter, the company expects revenues of about $425 million. The company expects full-year revenues of about $1.23 billion.