Synopsys Q1 rev up 5%, Mentor preliminary annual rev $860M (Electronic News)

Executive Quote and Information Service : EQUIS, February, 2008

For fiscal 2009, Mentor sees a softer electronics market creating a more challenging EDA spending environment at least through the first half of the year.

Mountain View, Calif.-based semiconductor design tool company Synopsys Inc http://www.synopsys.com reported Wednesday that revenue for its fiscal Q1 ended January 31 was $315.5 million, a 5.1% increase over $300.2 million for fiscal Q1 2007.

On a generally accepted accounting principles (GAAP) basis, net income for fiscal Q1 was $46.4 million, or 31 cents per share, compared to $23.4 million, or 16 cents per share, for fiscal Q1 2007.

Aart de Geus, chairman and CEO of Synopsys said in a statement regarding the results,...