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MENTOR GRAPHICS REPORTS SECOND QUARTER PROFIT

 WILSONVILLE, Ore., July 20 /PRNewswire/ -- Mentor Graphics Corp. (NASDAQ: MENT) today announced that worldwide revenues for the second quarter ending June 30, 1993 were $88,416,000, compared to $82,639,000 for the first quarter of 1993. Earnings for the quarter were $290,000 (1 cent per share), compared with a net loss of $4,298,000 (9 cents per share) for the previous quarter. Revenues for the second quarter of 1992 were $89,085,000. The net loss for the second quarter of 1992 was $6,885,000 (15 cents per share).
 "Our transformation to a software-only company is fast coming to completion, as now almost 90 percent of our revenues are derived from software-related business," said Thomas Bruggere, Mentor Graphics chairman and chief executive officer. "In the second quarter we delivered our highest revenues in a year, even though hardware revenues continued their expected roll-off."
 Bruggere also announced that the Board of Directors approved the regular quarterly cash dividend of 6 cents per share, payable on August 12, 1993, to shareholders of record on July 30, 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 $332,621,000 over the last reported 12 months. The company currently employs approximately 2,100 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, Unaudited)
 Three Months Ended Six Months Ended
 June 30 1993 1992 1993 1992
 Revenues
 System and software $51,427 $55,536 $100,269 $123,135
 Service and support 36,989 33,549 70,786 66,065
 Total revenues 88,416 89,085 171,055 189,200
 Cost of revenues
 System and software 13,412 22,017 27,457 47,707
 Service and support 18,790 16,378 35,013 35,143
 Total cost of revenues 32,202 38,395 62,470 82,850
 Gross margin 56,214 50,690 108,585 106,350
 Expenses
 Research & development 20,043 19,139 39,081 37,313
 Marketing, general and
 administration 35,538 38,370 72,188 75,365
 Total expenses 55,581 57,509 111,269 112,678
 Operating income (loss) 633 (6,819) (2,684) (6,328)
 Other income (expense),net (271) (391) (524) 875
 Income (loss) before
 income taxes 362 (7,210) (3,208) (5,453)
 Provision (benefit) for
 income taxes 72 (325) 800 205
 Net income (loss) $290 $(6,885) $(4,008) $(5,658)
 Net income (loss)
 per share $0.01 $(0.15) $(0.09) $(0.13)
 Weighted average number of
 common shares
 outstanding 47,308 45,074 45,983 44,839
 CONSOLIDATED BALANCE SHEETS
 (In thousands, Unaudited)
 As of June 30, 1993 Dec. 31, 1992
 ASSETS
 Current assets
 Cash and short-term investments $100,008 $108,783
 Trade accounts receivable, net 79,782 75,604
 Other receivables 3,771 4,678
 Inventory 5,904 9,683
 Prepaid expenses and other 9,705 9,239
 Total current assets 199,170 207,987
 Property, plant and equipment, net 112,158 109,580
 Cash and investments, long-term 30,000 30,000
 Other assets 29,690 30,998
 Total $371,018 $378,565
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Current liabilities
 Short-term borrowings $ 5,577 $ 5,548
 Accounts payable 15,563 17,185
 Income taxes payable 10,332 9,079
 Accrued and other liabilities 33,606 41,435
 Deferred revenue 27,285 25,848
 Total current liabilities 92,363 99,095
 Long-term debt 55,024 55,709
 Other long-term deferrals 3,033 2,355
 Total liabilities 150,420 157,159
 Stockholders' equity
 Common stock 235,853 231,354
 Accumulated deficit (24,931) (15,415)
 Foreign currency translation
 adjustment 9,676 5,467
 Total stockholders' equity 220,598 221,406
 Total $371,018 $378,565
 For the latest company financial information or a faxed copy of this press release, call Mentor Graphics fax-on-demand hotline at 800-546-4628.
 -0- 7/20/93
 /CONTACT: Marge Breya, Public Relations, of KVO Inc., 503-221-1551
or Dottie Wanat, Corporate Marketing, of Mentor Graphics, 503-685-


7760, or Jackie Kraybill, corporate treasurer, of Mentor Graphics, 503-685-1462/
 (MENT)


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

JH -- SE016 -- 3610 07/20/93 17:23 EDT
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