Mentor Graphics announces $238.9million Q3 profit
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Mentor Graphics has announced revenues of $238.9million from the fiscal third quarter, with bookings rising 60% year on year.
Walden Rhines, pictured, ceo and chairman of Mentor, said: "Our strategy of focusing on areas of differentiation rewarded us this quarter with strong growth in emulation, printed circuit board design software, design for test, physical verification and a number of our newer system oriented products like automotive networking. Our diversification also helped drive the business with over 30% of new customers coming from non traditional segments."
During the quarter, the company launched new analysis capability in the FloTHERM thermal analysis tool, which enables designers to find and correct bottlenecks in heat flow in a design. In addition, the company's embedded software division released Mentor Embedded ReadyStart Platform for rapid development of embedded systems.
"The third quarter was a record on revenue, bookings and product book to bill," added Gregory Hinckley, president of Mentor. "Despite some headwinds from currency and product mix, we are confident that this momentum will continue into the fourth quarter."
