Mentor Graphics profits up

Mentor Graphics profits up

Mentor Graphics reported revenues under the forecast, but it was more profitable than expected.

Quarterly revenues totaled $247.9 million, up 7.8 percent from the same three months last year but below the $255 million that Mentor had forecast.

Nonetheless, Mentor reiterated its forecast for $1.1 billion in revenue during the current fiscal year.

Read more at OregonLive.com.

{biztweet}mentor graphics{/biztweet}