Mentor Graphics Q1 revenues $228 millionStaff writer ▼ | May 21, 2016
Mentor Graphics Corporation announced financial results for the company’s fiscal first quarter ended April 30, 2016. The company reported revenues of $228 million, non-GAAP earnings per share of $0.02, and a GAAP loss per share of $0.12.
Mentor Graphics Modestly exceeded guidance for first quarter
For the full year fiscal 2017, Mentor Graphics affirms revenues of about $1.215 billion, non-GAAP earnings per share of about $1.68, and GAAP earnings per share of approximately $1.19.
Cash flow from operations in fiscal 2017 is expected to be approximately $200 million.
“Mentor modestly exceeded guidance for first quarter, although weakness in semiconductor related activity continued,” said Walden C. Rhines, chairman and CEO of Mentor Graphics.
“Bookings and revenue from automotive customers set a first quarter all-time record. Mentor’s customer breadth and our range of system design products and services continue to be an advantage.” ■