WILSONVILLE, OR – Mentor Graphics today reported second-quarter net income was $4.33 million, compared to a net loss of $14.25 million last year. 

Revenues for the period ended June 30 rose 13.7% year-over-year to $213.7 million. Bookings were up 25% sequentially, the company added.

"Second-quarter bookings were a record by a significant margin, up 25% from the previous record for a second quarter,” said Wally Rhines, chairman and CEO. "Traditional PCB design software bookings were up nearly a third, and bookings in new and emerging products, led by the Capital electrical systems design software, nearly tripled. Scalable verification, which is used by both systems and IC customers, had bookings growth of 60%."

During the quarter, the company expanded its Capital electrical systems design product suite with three new products, addressing configuration complexity, harness manufacturing and vehicle documentation and maintenance.

"Leading indicators of the business remain very strong, with new customers up 15% in number and 35% in value over the previous second quarter. We see no slowdown in EDA spending," said president Greg Hinckley.

For the first six months of 2011, revenues were $443.8 million, up 20.4% compared to 2010. Net income was $1.98 million, compared to a net loss of $37.3 million last year.

For the third quarter, the company expects revenues of about $245 million. For the full year, Mentor now expects revenues of approximately $1.004 billion.