Mentor Graphics, a provider of electronic design automation systems, has reported a net loss of $13m, or $0.14 per diluted share, for the first quarter of fiscal 2010, compared to a net loss of $25.5m, or $0.28 per diluted share, for the same period in fiscal 2009.
For the quarter, total revenues were $193.8m compared to $179.2m for the same quarter in fiscal 2009. Bookings for the quarter rose 25% over the prior fiscal first quarter.
During the quarter, the company extended its transportation product portfolio with new offerings for AUTOSAR in-vehicle network design and for specialty vehicle electrical wire harness design.
Walden Rhines, CEO and chairman of Mentor Graphics, said: “Mentor’s investments in markets adjacent to traditional EDA helped drive the quarter’s results with 10% of total bookings from transportation companies and 5% from the thermal analysis market.
“The quarter’s strength was across Mentor’s broad customer base within EDA, spanning both semiconductor and systems companies. Systems companies contributed to a 55% increase in bookings for our Integrated Systems Design division, while semiconductor companies drove a 35% increase in IC Design to Silicon division bookings.”
For the second quarter of fiscal 2010, the company expects revenue of about $165m and loss per share of about $0.41.
