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March 3, 2009

Mentor Graphics Q4 net income down

Total revenues were $242.64m, compared to $284.82m for the fourth quarter of fiscal 2008

By CBR Staff Writer

Mentor Graphics, a provider of electronic design automation systems, has reported a net income of $31.54m, or $0.33 per diluted share, for the fourth quarter ended January 31, 2009, compared to net income of $34.89m, or $0.38 per diluted share, for the quarter ended January 31, 2008.

For the fourth quarter of fiscal 2009, total revenues were $242.64m, compared to $284.82m for the same quarter of fiscal 2008.

For fiscal 2009, total revenues were $789.1m, compared to $879.73m for fiscal 2008. Net loss for fiscal 2009 was $88.8m, or $0.97 diluted per share, compared to a net income of $28.77m, or $0.32 per diluted share, for fiscal 2008.

Walden Rhines, chairman and CEO of Mentor Graphics, said: For the year, our diversity of product line and breadth of served markets, as well as growth in newer product segments, helped sustain the business. In particular, automotive and design for manufacturing both showed solid growth for the year. Looking forward, we see the opportunity to take advantage of this period of weakness to help customers consolidate on Mentor’s design platforms.

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