Mentor Graphics Corporation today announced financial results for the company’s fiscal third quarter ended October 31, 2016. The company reported revenues of $322.5 million, GAAP earnings per share of $0.37 and non-GAAP earnings per share of $0.50.
Fiscal Third Quarter Performance
- Book to bill was a record for a third quarter and solidly above 1.0 for the second consecutive quarter.
- Annualized fee growth for top 10 renewals was 60 percent overall with fees from systems customers growing over 160 percent and those from integrated circuit (IC) customers growing 35 percent.
- Average term length for renewals in the top 10 deals was 3.1 years.
- Emulation product revenue, up 100 percent year over year, included 4 new...