The EDA & MCAD/MCAE Almanac: Q2 2011









On August 18, 2011 Mentor Graphics Corporation (NASDAQ: MENT) announced financial results for the company’s fiscal second quarter ended July 31, 2011, which is labeled Nominal Q2 2011 for EDA WEEKLY reporting purposes.

The company reported nominal Q2 2011 revenues of $213.740 million, up 13.7% year-over-year over Q2 2010 revenue of $187.934 million, but down 7.1% from just prior Q1 2011 revenue of $230.035 million.

Guidance for Q2 2011 offered 3 months ago was for $210 million in revenue.

Earnings in Q2 2011 were $4.334 million, compared to a year ago loss of $14.247 million in Q2 2010, and a loss of $2.353 million in sequential Q1 2011.

GAAP earnings per share in Q2 2011 were $0.04, vs. $(0.13) in year ago Q2 2010, and $(0.02) in sequential Q1 2011.

Guidance for Q2 2011 GAAP EPS provided 3 months ago was $(0.06).

“Second quarter (Q2 2011) bookings (quantity not provided) were a record by a significant margin, up 25% from the previous record for a second quarter. Earnings per share were well ahead of guidance (see above), further increasing our confidence in our outlook for the year,” said Dr. Walden C. Rhines, chairman and CEO of Mentor Graphics® Corporation. “Systems business was a key driver of strength in the quarter. Traditional PCB design software bookings were up nearly a third and bookings in new and emerging products nearly tripled, led by the Capital electrical systems design software [1]. Scalable verification, which is used by both systems and IC customers, had bookings growth of 60%.”

Dr. Rhines

In the multi-physics simulation space, the company announced the new FloEFD™ for Siemens NX product for computational fluid dynamics simulation. In embedded software, Mentor introduced a unified embedded software debugging platform from pre-silicon to final product, and the Mentor® Embedded Sourcery™ CodeBench product, a next-generation, integrated development environment based on the open-source GNU toolchain.

“Record bookings for a second quarter and continued strong cost controls led to another excellent quarter for the company,” said Gregory K. Hinckley, president of Mentor Graphics. “Leading indicators of the business remain very strong, with new customers up 15% in number and 35% in value over the previous second quarter. We see no slowdown in EDA spending.”

Greg Hinckley

[1] At the INTEGRATED ELECTRICAL SOLUTIONS EXPO held in Detroit, MI in early June 2011, Mentor Graphics Corporation announced an expansion of the company’s Capital® product suite. Already offering an electrical system and wire harness design flow for the automotive, aerospace and defense industries, the Capital suite now includes three new products that extend that flow both upstream and downstream. With the introduction of new tools addressing configuration complexity, harness manufacturing and vehicle documentation and maintenance, Capital now delivers coverage from product definition to service technician. The new tools are said to have high commercial value for platform OEMs, wire harness manufacturers and service organizations. Martin O’Brien, General Manager of the Mentor Integrated Electrical Systems Division, commented, “After several years of investment in foundation technology and products for electrical systems and wire harnesses, we are now announcing a second phase of our strategy. These new products represent an increase in tool scope to cover all phases of electrical design creation through to product fulfillment, and highlight the approach taken by Mentor to support electrical platform engineering.”  

Reminder

The entire EDA WEEKLY of July 25, 2011, entitled, “Back to the Future,” was devoted to another Division of MGC; here is the URL in case you missed that article:

http://www10.edacafe.com/nbc/articles/view_weekly.php?articleid=980675

Mentor Graphics Outlook for Q3 2011 and the Year

For the third quarter of 2011, as guidance the company expects revenues of about $245 million, and GAAP earnings per share of approximately $0.18. For the full year, the company now expects revenues of approximately $1.004 billion, and GAAP earnings per share of approximately $0.68.

Mentor Graphics description

Established in 1981, Mentor Graphics Corporation (NASDAQ: MENT) is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronics, semiconductor and systems companies. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.









On August 04, 2011 SpringSoft, Inc. (TAIEX: 2473) announced consolidated revenue of NT$561.083 million, net income of NT$134.453 million, and earnings per share of NT$0.65 for calendar Q2 2011 ended June 30, 2011. (NT$ = New Taiwan dollars).

These numbers translate (using SpringSoft US$ published data for the first 3 months and the first six months of 2011) to the following in US$: Q2 2011 consolidated revenue of US$19.269 million, Q2 2011 net income of US$4.620 million, and Q2 2011 earnings per share of US$0.02.

Second‐quarter revenue increased 2.1% from the prior quarter and 8.4% year‐over‐year despite NT dollar appreciation against US dollar. Operating margin for the quarter was 28.2%, higher than the 26.7% in the previous quarter and 23.6% in the year‐ago quarter.

 

Income before tax also increased 4.5% from the prior quarter and 0.9% growing sales contribution from the America, but still in line with our forecast.

“We have achieved our first half sales target and the 2H forecast still looks promising at this moment,” said Johnson Teng, COO of SpringSoft.

Johnson Teng

“We have also announced a new product, ProtoLinkTM Probe Visualizer, a solution for increasing visibility and simplifying debug for FPGAbased prototype boards. The usage of prototype boards to verify critical design is increasing significantly. However, board deployment is often delayed because there is a lack of the visibility needed to adequately debug designs. SpringSoft’s ProtoLink Probe Visualizer changes this paradigm with the ability to accelerate debug on FPGAbased prototype board,” Teng said.

SpringSoft self description

SpringSoft, Inc. is a global supplier of specialized automation technologies that accelerate engineers during the design, verification and debug of complex digital, analog and mixed‐signal ICs, ASICs, microprocessors, and SoCs. Its award‐winning product portfolio features the Novas™ Verification Enhancement and Laker Custom IC Design solutions used by more than 400 of today's leading IDM and fabless semiconductor companies, foundries, and electronic systems OEMs. Headquartered in Hsinchu, Taiwan, SpringSoft is the largest company in Asia specializing in IC design software and a recognized industry leader in customer service with more than 400 employees located in multiple R&D sites and local support offices around the world. For more information, visit www.springsoft.com.

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  • Baitron May 21, 2013
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    [URL="http://www.baitron.com"]Baitron Electronics[/URL] is a global leading independent distributor for ICs

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  • Mike Bradley September 19, 2011
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    > "compared to the negative effects of the right wing’s ridiculous opposition in late-July–early-August to raising the US debt ceiling"
    Regardless of my political views, statements like this in an EDA/Semiconductor business report is unprofessional. This is a subjective statement tucked inside a paragraph of facts, with the purpose of making this opinion look like fact.

    Edited by ibsystems on 10/13/11 04:53 PM.



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