WILSONVILLE, OR -- Mentor Graphics reported fiscal fourth quarter revenues of $237.1 million, down 2.2% year-over-year.

The EDA software company, which supplies tools for printed circuit, semiconductor and MCM design, reported net income rose 27.2% to $39.4 million.

For the year ended Jan. 31, revenues rose 2% to $802.7 million. The company's net losses improved to $21.9 million, a 76% improvement over fiscal 2008.

"The electronics industry recovery seems to be well underway, and we are increasingly optimistic about the business environment in the coming year," said CEO and chairman Wally Rhines. "The company's focus on its product segments with number one market share, as well as investments in new product categories, continue to show strong results, as the average dollar value of renewals in the top ten contracts in the fiscal fourth quarter grew 25% over the prior contract values."

Mentor guided for first quarter revenues of $180 million and net earnings of break-even or a loss.

For the fiscal 2011, the company expects revenues to grow around 5%.

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