Product category:
Intellectual Property Cores
News Release from: ARC International
Edited by the Electronicstalk Editorial
Team on 11 January 2007
ARC figures to exceed market
expectations
ARC International expects unaudited revenue for the financial year ended 31st December 2006 to be not less than GBP 13.3 million.
ARC International has revealed that its unaudited revenue for the financial year ended 31st December 2006 is expected to be not less than GBP 13.3 million, a 28% increase compared with financial year 2005 Unaudited revenue for the second half of financial year 2006 is expected to be not less than GBP 7.3 million, reflecting a 22% increase compared with the first half of 2006 and a 46% increase compared with the same reporting period in the second half of 2005
This article was originally published on Electronicstalk on 20 Feb 2001 at 8.00am (UK)
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These results exceed market expectations, and reflect progress toward achieving the strategic goals of attracting tier-one companies to adopt ARC's patented configurable solutions, increasing median deal sizes, and signing larger agreements that include multiple ARC products.
Carl Schlachte, President and CEO of ARC International, said: "We are pleased about our progress in 2006 and that unaudited revenues for the full year and second half of the financial year 2006 are expected to be higher than current market consensus".
"This reaffirms our company's strategy to provide value-added configurable solutions for high-growth consumer applications".
"ARC's leadership position in the field of media subsystems is driving a higher%age of company revenue and licensing agreements".
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