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MENTOR GRAPHICS REPORTS FOURTH-QUARTER PROFIT AND TOTAL YEAR REVENUES

 WILSONVILLE, Ore., Feb. 2 /PRNewswire/ -- Mentor Graphics Corp. (NASDAQ: MENT) today announced that worldwide revenues for the fourth quarter ended Dec. 31, 1992, were $84,026,000 compared to $77,540,000 for the third quarter of 1992. Net income for the quarter was $347,000 (1 cent per share) compared with a net loss of $45,550,000 ($1.01 per share) for the previous quarter. Revenues for the fourth quarter of 1991 were $107,051,000. Net income for the fourth quarter of 1991 was $770,000 (2 cents per share).
 Revenue for all of 1992 was $350,766,000 compared with $400,127,000 in 1991. The company incurred a net loss of $50,861,000 ($1.13 per share) in 1992 compared to a net loss of $61,613,000 ($1.43 per share) in 1991. Company restructurings contributed to the losses in both 1991 and 1992.
 "It was a very solid quarter, and we are pleased to end 1992 on a profitable note," said Thomas Bruggere, Mentor Graphics chairman and chief executive officer. "Total cash ended the year at over $138 million, and our asset management in general was very strong. Looking ahead, although we remain cautious regarding our financial performance through the first half of 1993, and we believe we are well positioned for the long term. Our next software release, Version 8.2, is scheduled to ship the first quarter of 1993, and we believe it will absolutely set the standard for EDA performance and integration."
 The company also announced its regular quarterly cash dividend of 6 cents per share payable on Feb. 25, 1993, to shareholders of record as of Feb. 12, 1993.
 Mentor Graphics Corp., Wilsonville, was established in 1981 to design, manufacture, market and support electronic design automation (EDA) systems. The company is a leader in worldwide EDA sales, with revenues of $350,766,000 over the last reported 12 months. The company currently employs approximately 2,200 people worldwide. In addition to its corporate offices, Mentor Graphics has sales and support offices in locations worldwide. The company's headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, OR 97070-7777.
 MENTOR GRAPHICS CORP.
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (In thousands, except net income (loss) per share)
 Three Months
 (Unaudited) Year
 Ended Dec. 31: 1992 1991 1992 1991
 Revenues:
 System and software $ 46,977 $ 68,773 $212,397 $262,608
 Service and support 37,049 38,278 138,369 137,519
 Total revenues 84,026 107,051 350,766 400,127
 Cost of Revenues:
 System and software 16,622 26,446 81,993 116,914
 Service and support 15,341 22,361 70,975 83,132
 Total cost of revenues 31,963 48,807 152,968 200,046
 Gross margin 52,063 58,244 197,798 200,081
 Expenses:
 Research and development 15,853 20,520 73,947 79,539
 Marketing, general and
 administration 36,494 36,859 151,683 153,943
 Restructure costs (1,600) -- 12,900 27,100
 Total expenses 50,747 57,379 238,530 260,582
 Operating income (loss) 1,316 865 (40,732) (60,501)
 Other income
 (expense), net (1,192) 115 (7,539) (2,502)
 Income (loss) before
 income taxes 124 980 (48,271) (63,003)
 Provision (benefit) for
 income taxes (223) 210 2,590 (1,390)
 Net income (loss) $ 347 $ 770 $(50,861) $(61,613)
 Net income (loss) per
 share $ 0.01 $ 0.02 $ (1.13) $ (1.43)
 Weighted average number
 of common shares
 outstanding 45,999 45,108 45,142 43,153
 MENTOR GRAPHICS CORP.
 CONSOLIDATED BALANCE SHEETS
 (In thousands)
 As of Dec. 31: 1992 1991
 ASSETS
 Current Assets:
 Cash and short-term investments $108,783 $144,022
 Trade accounts receivable, net 75,604 100,523
 Other receivables 4,678 15,258
 Inventory 9,683 23,329
 Prepaid expenses and other 9,239 11,275
 Total current assets 207,987 294,407
 Property, plant and equipment, net 109,580 114,213
 Construction in progress -- 1,156
 Cash and investments, long-term 30,000 --
 Other assets 30,998 35,885
 Total $378,565 $445,661
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Current Liabilities:
 Short-term borrowings $ 5,548 $ 4,511
 Accounts payable 17,185 26,718
 Income taxes payable 9,079 14,432
 Accrued and other liabilities 41,435 49,848
 Deferred revenue 25,848 29,023
 Total current liabilities 99,095 124,532
 Long-term obligations 55,709 50,554
 Other long-term liabilities 2,355 2,908
 Total liabilities 157,159 177,994
 Stockholders' Equity:
 Common stock 231,354 215,043
 Retained earnings (deficit) (15,415) 46,272
 Foreign currency translation adjustment 5,467 6,352
 Total stockholders' equity 221,406 267,667
 Total $378,565 $445,661
 -0- 2/2/93
 /CONTACT: Marge Breya of KVO Public Relations, 503-221-1551, for Mentor Graphics; Dottie Wanat, corporate marketing, 503-685-7760, or Jackie Kraybill, treasurer, 503-685-1462, both of Mentor Graphics/
 (MENT)


CO: Mentor Graphics Corp. ST: Oregon IN: CPR SU: ERN DIV

LM-SW -- SE012 -- 2084 02/02/93 16:46 EST
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