Mentor Graphics pre-tax profits jump to $81.3m

Pre-tax profits at a Shannon-based holding company for Mentor Graphics (Holdings) Ltd last year increased almost fourfold to $81.3m (€61.2m).

According to accounts lodged by the US-owned firm with the Companies Office, the holding company’s turnover increased by 13% from $347.8m to $393.2m in the 12 months to the end of January last year.

The company is headquartered in Oregon in the US and employs 4,700 worldwide and is engaged in electronic design automation. The revenues generated by the Irish company represent 43% of the firm’s global revenues in fiscal 2011.