Mentor Graphics pre-tax profits slip

A SHANNON-based holding company for US-owned Mentor Graphics last year suffered an 8% drop in pre-tax profits to $20.9 million (€15.9m).

Accounts just lodged with the Companies’ Office show that Mentor Graphics (Holdings) Ltd and subsidiaries’ revenues to the end of January last (2010) dropped by 4% from $363.7m to $347.8m.

The company is headquartered in Oregon and employs 4,450 worldwide and is engaged in electronic design automation.