Mentor Reports Weak First Quarter Results; Second Quarter Looking Better than Forecast
WILSONVILLE, Ore., April 8, 2002 - Mentor Graphics Corporation (Nasdaq: MENT) today announced that it expects to report revenues of just under $130M and EPS slightly less than $.10 for the first quarter. The company reaffirms its second quarter and 2002 guidance. Additionally, Mentor foresees a stronger than forecasted second quarter.
"We continue to be bullish about recovery in the EDA market in the first half. Despite our weak first quarter, our second quarter is shaping up well," said Walden C. Rhines, chairman and CEO of Mentor Graphics. "We're seeing great business activity, and have already closed notable business in the second quarter. Our sales forecast is the strongest it has been in five quarters, and the upside potential to our forecast is the strongest ever. EDA recoveries tend to be led by North America, particularly San Jose, so we're pleased that our San Jose sales strongly exceeded forecast in the first quarter, and second quarter is looking better still."
First quarter results will be reported after market close on April 25, 2002.
Mentor Graphics Corporation (Nasdaq: MENT) is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronics and semiconductor companies. Established in 1981, the company reported revenues over the last 12 months of more than $600 million and employs approximately 3,100 people worldwide. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777; Silicon Valley headquarters are located at 1001 Ridder Park Drive, San Jose, California 95131-2314. World Wide Web site: www.mentor.com.
###
For more information, please contact: | |
Ryerson Schwark Public and Investor Relations 503.685.1462 ry_schwark@mentor.com | Dennis Weldon Treasurer 503.685.1462 dennis_weldon@mentor.com |
Related News
- Mentor Graphics Reports Fiscal Second Quarter Results
- Mentor Graphics Reports Fiscal Second Quarter Results
- Mentor Graphics Reports Fiscal Second Quarter Results
- Credo Technology Group Holding Ltd Reports Second Quarter of Fiscal Year 2024 Financial Results
- Arm Holdings plc Reports Results for the Second Quarter of the Financial Year Ending 2024
Breaking News
- Alphawave Semi announced today a refocussing of the Board of Directors after reaching the three-year milestone since the Company's IPO
- Synopsys and Samsung Electronics Collaborate to Achieve First Production Tapeout of Flagship Mobile CPU with Leading Performance on Samsung Foundry's GAA Process
- Worldwide Silicon Wafer Shipments Dip 5% in Q1 2024, SEMI Reports
- GOWIN's progress in global automotive market gathers momentum with award of ISO 26262 certification for its FPGA design environment
- PCI-SIG® Announces CopprLink™ Cable Specifications for PCIe® 5.0 and 6.0 Technology
Most Popular
- Silvaco Announces Launch of Initial Public Offering
- TSMC's A16 Process Moves Goalposts in Tech-Leadership Game
- Radiation-Tolerant PolarFire® SoC FPGAs Offer Low Power, Zero Configuration Upsets, RISC-V Architecture for Space Applications
- Synopsys Accelerates Next-Level Chip Innovation on TSMC Advanced Processes
- QuickLogic Releases Aurora 2.6 with Expanded Operating System Support and Up to 15% Faster Performance
E-mail This Article | Printer-Friendly Page |