Product category: Design and Development Software
News Release from: Mentor Graphics UK
Edited by the Electronicstalk Editorial Team on 12 November 2001
Mentor improves on
pessimistic Q3 forecast
Mentor Graphics has reported third-quarter 2001 earnings-per-diluted-share before goodwill of $0.12 on revenues of $131 million, ahead of estimates of $0.07
"A favorable revenue mix combined with cost controls led to better than expected earnings", said Gregory K Hinckley, president of Mentor Graphics. "During the quarter, competitive enhancements in our FPGA product offerings produced a positive effect, our consulting and emulation businesses showed some recovery, and general sales activity in North America clearly began to build.
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Our customer base continued to expand with the addition of 120 new customers".
"We continue to lead the industry in introducing innovative products that solve customers' toughest problems", said Walden C Rhines, chairman and CEO of Mentor Graphics.
"We have just launched what may be the most important product in Mentor Graphics history.
Further reading
Mixed-signal flow is proved with UWB transceiver
Mentor Graphics has set up a new reference flow for analogue and mixed-signal SoC designs
TestKompress, Mentor's new approach to scan-based testing, guarantees a 5x to10x improvement in scan test time and a 90% reduction in tester memory requirements.
The savings resulting from fewer testers, less tester memory and lower cost per tester will easily run into the tens of millions or more annually for many of our customers".
"Mentor has continued to invest in research and development of new products which will solidify the company's market share gains of the last three years", said Rhines.
Mentor is predicting Q4 revenues in the range of $165 million.
Gross margin is expected to be approximately 83%.
Operating expenses are expected to increase about 9% sequentially.
Other income and expense is expected to be roughly a $1 million expense.
Amortisation of goodwill included in operating expenses is expected to be about $2 million for the quarter.
The tax rate should remain at 20%.
Diluted shares outstanding should be approximately 67 million.
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