- Though it beat FQ4 estimates, Mentor Graphics (NASDAQ:MENT -4.5%) is guiding for FY16 (ends Jan. '16) revenue of $1.282B and EPS of $1.85, below a consensus of $1.31B and $1.90. FQ1 guidance is for revenue of $260M and EPS of $0.18 vs. a consensus of $276.3M and $0.18.
- On the CC (transcript), Mentor stated its FY16 guidance "includes no emulation [software] revenue from our historically largest emulation customer." The EDA software vendor also mentioned it has launched a "voluntary retirement program" for North American workers; ~10% of the North American workforce is eligible.
- On the bright side, bookings rose 30% Y/Y in FQ4 to a new record, fueled by 100%+ growth in design-to-silicon (chip design) product bookings. Automotive bookings (boosted by the XSe acquisition) were also a strong point.
- System/software revenue rose 10% Y/Y to $323.3M, and service/support revenue 8% to $115.7M. Operating expenses (non-GAAP) rose 9% to $234.1M.
- FQ4 results, PR