Mentor positive for future
EDA specialist Mentor Graphics has reported revenue of $182.6million for the quarter ending July 21, a 6% reduction from the previous quarter.
CEO and chairman of Mentor Graphics, Walden Rhines, pictured, remained positive and said that the quarter's strong bookings performance was driven by new customers and new products. He noted: "Though the business climate is still difficult, we did see strong sequential increases in consulting and distributor bookings during the quarter, both signs we take as indicators of an improving customer environment.
"The company continues to build its strength in new markets, expanding its electronic system level design and low power product offerings during the quarter. Taiwan Semiconductor Manufacturing Company's inclusion of a full Mentor low power implementation flow in the Reference Flow 10.0 further strengthens the company's position in the physical implementation market."
For the third quarter, fiscal 2010, the company predicts revenue of approximately $183million.
