10th Jan 2007 07:00
ARC International (LSE: ARK), the world leader in configurablesubsystems and CPU/DSP processors, today announced that its unauditedrevenue for the financial year ended 31 December 2006 is expected tobe not less than GBP 13.3 million, a 28 percent increase compared tofinancial year 2005. Unaudited revenue for the second half offinancial year 2006 is expected to be not less than GBP 7.3 million,reflecting a 22 percent increase compared to the first half of 2006and a 46 percent increase compared to the same reporting period in thesecond half of 2005. These results exceed market expectations, andreflect progress toward achieving the strategic goals of attracting"tier 1" companies to adopt ARC's patented configurable solutions,increasing median deal sizes, and signing larger agreements thatinclude multiple ARC products. £ Carl Schlachte, president and CEO of ARC International, said, "Weare pleased about our progress in 2006 and that unaudited revenues forthe full year and second half of the financial year 2006 are expectedto be higher than current market consensus. This reaffirms ourcompany's strategy to provide value-added configurable solutions forhigh-growth consumer applications. ARC's leadership position in thefield of media subsystems is driving a higher percentage of companyrevenue and licensing agreements." £ Announcement of Preliminary Results for Financial Year 2006 £ On Wednesday 14 February 2007 ARC International will announceresults for the twelve months ended 31 December 2006. A morningmeeting will be held in London for analysts. Interested parties shouldcontact Financial Dynamics or ARC International for more information. £ About ARC International plc £ ARC International is the world leader in configurable subsystemsand CPU/DSP processors that are used by semiconductor companiesworldwide to create system-on-chip (SoC) designs that provide astrategic competitive advantage. ARC's patented configurable productsare smaller, consume less power, are less expensive to manufacture,and provide a higher degree of differentiation over what can becreated using "fixed architecture" core alternatives. £ ARC International maintains a worldwide presence with corporateand research and development offices in California and Elstree, UK.For more information visit www.ARC.com. ARC International is listed onthe London Stock Exchange as ARC International plc (LSE: ARK). £ ARC and the ARC logo are trademarks or registered trademarks ofARC International. All other brands or product names contained hereinare the property of their respective owners. This press release maycontain certain "forward-looking statements" that involve risks anduncertainties, including the development, implementation, and releaseof features described herein. These are at the sole discretion of ARCInternational. Licenses from 3rd parties for certain software andessential patents may be required depending on licensee'suse/implementation. For other factors that could cause actual resultsto differ, visit the company's Website as well as the listingparticulars filed with the United Kingdom Listing Authority and theRegistrar of Companies in England and Wales. Copyright Business Wire 2007Related Shares:
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