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 Americawas 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.