Mentor’s Sales Exceed $1 Billion for Fiscal Year
For its fiscal fourth quarter ended Jan. 31, 2012, Mentor Graphics Corp. reported revenues of $320.4 million, compared to $307.3 million in the like period a year ago.
The EDA house reported a net of $57.3 million, or $0.52 per share, during the quarter, compared to a net of $50.6 million, or $0.45 per share, a year ago.
For the full fiscal year, revenues were $1.014 billion, compared to $914.8 million last year. For the full fiscal year, profits were $83.4 million, or $0.74 a share, compared to $28.6 million, or $0.26 per share, a year ago.
“It was a quarter and a year of records for the company, including the significant milestone of crossing one billion dollars in revenues,” said Walden Rhines, chairman and CEO of Mentor Graphics. “Additionally, the growing complexity of chips and the challenges of the 28nm and 20nm process nodes have generated substantial demand for both our functional verification and our design-to-silicon products.”
For the full fiscal year 2013, the company expects revenues of about $1.1 billion, non-GAAP earnings per share of about $1.32, and GAAP earnings per share of approximately $1.13. For the first quarter of fiscal 2013, the company expects revenues of about $255 million, non-GAAP earnings per share of about $0.25, and GAAP earnings per share of approximately $0.19.
The company’s board has increased the share repurchase authorization to $200 million from the original $150 million. During fiscal year 2012 the company repurchased 6.8 million shares for $90 million at an average cost of $13.22 per share. Under this increased authorization, $110 million is available for share repurchase over the next two years.
