Product category:
Intellectual Property Cores
News Release from: MIPS Technologies
Edited by the Electronicstalk Editorial
Team on 26 January 2007
MIPS reports best quarter's revenue in
years
MIPS Technologies has reported revenue results for its second quarter of fiscal 2007, ended 31st December.
MIPS Technologies has reported revenue results for its second quarter of fiscal 2007, ended 31st December Revenue in the second quarter was US $20.8 million, an increase of 6% over the prior quarter revenue of $19.7 million, and an increase of 27% from the $16.4 million in revenue reported in the second fiscal quarter a year ago
This article was originally published on Electronicstalk on 23 Feb 2001 at 8.00am (UK)
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Revenue from royalties was $11.2 million, compared with $11.2 million in the prior quarter and an increase of 25% from the $8.9 million reported in the second quarter a year ago.
Contract revenue was $9.6 million, an increase of 13% from the $8.5 million reported in the prior quarter and an increase of 29% from the $7.4 million reported in the second quarter a year ago.
"We reported the highest total quarterly revenue in almost six years, driven by our strong licensing performance", said John Bourgoin, President and CEO.
"We signed nine new licence agreements and added seven new customers in the quarter, with a strong presence worldwide, especially in Asia".
"MIPS Technologies was well represented at the Consumer Electronics Show earlier this month, with more than two dozen customers showing MIPS-based products".
"We have strong positions in the digital consumer electronics market and we believe we are well positioned for growth", he said.
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