Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Richard Valera - Needham & Company.
Richard Valera - Needham & Company
Rajeev or Roy, I was just wondering if you could comment on the overall business environment relative to a quarter ago? And, does that change your thoughts at all about bookings guidance for the year? I think last quarter you talked about $120 millionish for the year.
Roy E. Jewell
Number one, we don’t generally give guidance on bookings so I won’t comment on that unless Pete wants to say something. But, what I will say is we continue to see the overall semiconductor environment and the environment we’re selling in to strengthen. As I told you over the past couple of quarters we saw probably the low point in the October/January period, April is starting to look a lot more normal and this last quarter in fact we were able to achieve the internal targets that we had for bookings in the company to meet our financial plan.
So, I would say things continued to strengthen and our customers tend to be engaging much more with us on products all the way from our traditional area of digital implementation but, we’re seeing also a lot of very strong interest in our new products in the analog mix signal area especially verification simulation.
Richard Valera - Needham & Company
I saw the NVIDIA deal, congratulations on that release you got there for Quartz. I’m just wondering a couple of things one, was there an actual benchmark of Quartz versus your competitor there and did that transaction or that deployment they’re going to do result in any change in your business level with them i.e. an increase in your run rate of Quartz with them?
Rajeev Madhaven
You know I can’t specifically give you what the benchmark would be, we’re only allowed to document what’s in the press release but I can tell you there have been in the last quarter somewhere in the vicinity of eight benchmarks. Some of them are already converted in to business with Quartz. We expect to actually close the rest this quarter. We have won each and every one of them on average, I mean our numbers are like 4x faster. Our low range is between three and five. We are faster than anything from the competition today. That’s on single CPU, a low number of computers. On a larger number of computers [inaudible] we can scale much more than anybody can.
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