caLogo

WILSONVILLE, OR, Jan. 11 -- Mentor Graphics said preliminary fourth-quarter bookings and revenues suggest records in both categories, with revenues expected to exceed First Call consensus estimates of $204 million.

Bookings were up about 40% year-over-year. Backlogs rose 35% from a year ago, the company said.

However, special charges are expected to result in GAAP basis earnings below guidance. Pro-forma earnings are expected to modestly exceed consensus estimates.

Bookings was broad-based across all regions and product lines. North America

was up 15%, Europe 50%, and Japan and the Pacific Rim both up over 100% vs. last year.

Mentor will release fourth quarter and full year results after market close on Jan. 27.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account