17th Sep 2013 07:12
LONDON (Alliance News) - Imagination Technologies PLC Tuesday stuck with its full-year guidance after reporting that royalty revenues growth continues to be strong, it licensing activity is steady and its Pure home multimedia business is gaining traction.
In a trading update, the computer processor and cloud computing technology company said the progress on licensing to date and the current sales pipeline support its existing full-year guidance for GBP30 million to GBP35 million of licensing revenue, excluding licenses for its MIPS microprocessors, or GBP38 million to GBP43 million including MIPS.
It also maintained its unit shipments guidance of in excess of 650 million excluding MIPS processors and 1.35 billion including MIPS.
It said it expects its home multimedia products business to improve financially over the medium term, driven by the launch of its new Jongo range of wireless speakers.
The company's shares were down 1.2% at 340 pence early Tuesday.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
Imagination Technologies Group