– Mentor Graphics
today said third-quarter revenue would likely fall some $15 million short of previous guidance. The EDA software company expects revenues of approximately $185 million, versus guidance of $200 million.
The company cited unique circumstances brought on by several large bookings, which caused revenue to lag bookings by a quarter. The company said sales would be made up in the following quarter.
Mentor reaffirms its fiscal 2008 and 2009 outlook.
In a statement, chairman and CEO Wally Rhines said, “While we are disappointed with these results, bookings for the quarter were strong and consistent with the assumptions underlying our previous guidance.”
For 2008, the company expects revenue of approximately $860 million. Preliminary guidance for 2009 is for revenue of $920 million.