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MENTOR GRAPHICS REPORTS FIRST-QUARTER RESULTS

 WILSONVILLE, Ore., April 20 /PRNewswire/ -- Mentor Graphics Corp. (NASDAQ: MENT) today announced that worldwide revenues for the first quarter ending March 31, 1993, were $82,639,000, compared to $84,026,000 for the fourth quarter of 1992. The net loss for the quarter was $4,298,000 (9 cents per share), compared with net income of $347,000 (1 cent per share) for the previous quarter. Revenues for the first quarter of 1992 were $100,115,000. Net income for the first quarter of 1992 was $1,227,000 (3 cents per share).
 "Software revenue actually increased, compared to the fourth quarter of 1992," said Thomas Bruggere, Mentor Graphics chairman and chief executive officer. "We shipped Version 8.2 of our software product lines in February, and we believe this is the product release for which our customers have been waiting. Major orders, such as the just-announced multi-million dollar Top-Down design order from DSC Communications Corp. are a growing indication of the strong support and momentum our products now enjoy in the marketplace."
 The company also announced its regular quarterly cash dividend of 6 cents per share payable on May 13, 1993, to shareholders of record as of April 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 $333,290,000 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' headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, OR 97070-7777.
 MENTOR GRAPHICS CORP.
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (Unaudited, in thousands, except net income (loss) per share)
 Three Months Ended March 31: 1993 1992
 Revenues:
 System and software $ 48,842 $ 67,599
 Service and support 33,797 32,516
 Total revenues 82,639 100,115
 Cost of revenues:
 System and software 14,045 25,690
 Service and support 16,223 18,765
 Total cost of revenues 30,268 44,455
 Gross margin 52,371 55,660
 Operating expenses:
 Research and development 19,038 18,174
 Marketing, general and administration 36,650 36,995
 Total operating expenses 55,688 55,169
 Operating income (loss) (3,317) 491
 Other income (expense), net (253) 1,266
 Income (loss) before income taxes (3,570) 1,757
 Provision for income taxes 728 530
 Net income (loss) $ (4,298) $ 1,227
 Net income (loss) per share $ (0.09) $ 0.03
 Weighted average number of common
 shares outstanding 45,803 46,606
 MENTOR GRAPHICS CORP.
 CONSOLIDATED BALANCE SHEETS
 (Unaudited, in thousands)
 As of As of
 March 31, 1993 Dec. 31, 1992
 ASSETS
 Current assets:
 Cash and short-term investments $106,095 $108,783
 Trade accounts receivable, net 75,887 75,604
 Other receivables 3,832 4,678
 Inventory 8,247 9,683
 Prepaid expenses and other 10,574 9,239
 Total current assets 204,635 207,987
 Property, plant and equipment, net 111,555 109,580
 Cash and investments, long-term 30,000 30,000
 Other assets 30,736 30,998
 Total $376,926 $378,565
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Current liabilities:
 Short-term borrowings $ 5,599 $ 5,548
 Accounts payable 17,261 17,185
 Income taxes payable 9,964 9,079
 Accrued and other liabilities 40,924 41,435
 Deferred revenue 26,137 25,848
 Total current liabilities 99,885 99,095
 Long-term debt 55,810 55,709
 Other long-term deferrals 3,525 2,355
 Total liabilities 159,220 157,159
 Stockholders' equity:
 Common stock 232,856 231,354
 Retained (deficit) (22,461) (15,415)
 Foreign currency translation
 adjustment 7,311 5,467
 Total stockholders' equity 217,706 221,406
 Total $376,926 $378,565
 -0- 4/20/93
 /CONTACT: Marge Breya, public relations, of KVO, 503-221-1551; or 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

LM -- SE022 -- 8326 04/20/93 17:17 EDT
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Date:Apr 20, 1993
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