Mentor Graphics tops quarterly forecast

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Friday, November 30, 2012

Wilsonville-based Mentor Graphics reported third-quarter sales and profits ahead of its forecast.

Mentor makes software that engineers use to design semiconductors and other highly complex electronic systems. Demand for its products has risen in recent quarters as smaller computer chips necessitate more sophisticated design tools.

Mentor said it remains on pace for $1.1 billion in sales this fiscal year, its highest total ever, and annual profits of $1.22 a share.

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