WILSONVILLE, OR -- Mentor Graphics reported record revenues of $214.9 million for its fourth quarter on strong demand for its IC verification and newer printed circuit board design tools.  GAAP net income was $15.8 million, up $2.8 million.

"We saw significant momentum from our newer, emerging products as we received significant orders in cabling, embedded software, high speed board design and coverage-driven verification," chairman and CEO Wally Rhines said in a press release.

For the quarter bookings rose 35%. All regions performed well with Japan and Pacific Rim bookings up over 100%, Europe up 45% and North America up 15% over a year ago.  Bookings were up 20% for the year.

Revenue by region was 40% North America, 30% Europe, 15% Japan and 15% Pacific Rim.

The company took one-time charges of $4.9 million, primarily for acquisitions and restructuring.

Pro forma gross margins were down slightly, to 86.7%.

"While we see no sign of an upturn for the overall EDA industry, we note that Mentor and other companies like us with young product lines continue to perform well in this environment," said Greg Hinckley, president.

The firm's book-to-bill is at its highest level since 1996 and backlogs are at their highest point since 2000.

Separately, Mentor guided for Q1 sales of $177 million and 2005 revenue growth of 7%, to $760 million.

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