As of December 31, 2010, ARM had 1,889 full-time employees, a net increase of 179 since the start of the year. At the end of 2010, the group had 784 employees based in the UK, 505 in the US, 219 in Continental Europe, 276 in India and 105 in the Asia Pacific region. Worldwide, ARM enjoyed a very agreeable average of over $349,000 in revenue per employee in 2010.
ARM self description
ARM designs the technology that lies at the heart of advanced digital products, from wireless, networking and consumer entertainment solutions to imaging, automotive, security and storage devices. ARM's comprehensive product offering includes 32-bit RISC microprocessors, graphics processors, video engines, enabling software, cell libraries, embedded memories, high-speed connectivity products, peripherals and development tools. Combined with comprehensive design services, training, support and maintenance, and the company's broad Partner community, they provide a total system solution that offers a fast, reliable path to market for leading electronics companies. More information on ARM is available at http://www.arm.com.
On January 31, 2011 CEVA, Inc. (NASDAQ: CEVA); (LSE: CVA) announced its financial results for Q4 2010 and for the 2010 year ended December 31, 2010.
All-time high quarterly and annual revenue of $13.0 million and $44.9 million, a 28% and a 17% increase, respectively
Record Q4 2010 royalty revenue of $7.5 million, up 55% vs. Q4 2009
Record shipment volumes of CEVA technology; CEVA becomes world's #1 DSP architecture deployed in cellular baseband processors
Record Q4 2010 GAAP operating margin of 29%
Total revenue for the fourth quarter of 2010 was $13.03 million, which represents an increase of 28.0% compared to $10.18 million reported for the fourth quarter of 2009, and an increase of 21.8% compared to the $10.70 million recognized in the just prior Q3 2010.
Fourth quarter 2010 licensing revenue was $4.6 million, a 2% decrease when compared to $4.7 million reported for the fourth quarter of 2009. Royalty revenue for the fourth quarter of 2010 was a record $7.5 million, an increase of 55% compared to $4.8 million reported for the fourth quarter of 2009. Revenue from services for the fourth quarter of 2010 was $0.9 million, an increase of 38% compared to $0.7 million reported for the fourth quarter of 2009.
U.S. GAAP net income for the fourth quarter of 2010 was $4.207 million, an increase of 44.57% over $2.910 million reported for the same period in 2009, and an increase of 40.75% compared to the $2.989 million in sequential Q3 2010. U.S. GAAP diluted earnings per share for the fourth quarter of 2010 were $0.18, an increase of 28.6% compared to $0.14 for the fourth quarter of 2009, and 38.5% more than the $0.13 of Q3 2010.
Gideon Wertheizer, Chief Executive Officer of CEVA, stated, "The fourth quarter of 2010 was the strongest quarter in CEVA's history, resulting in record high revenues, royalties, operating margins, and earnings. Underpinning this performance, we experienced exceptional growth in the shipment of cellular baseband processors powered by CEVA DSPs across all handset and mobile broadband device market segments, including , feature phones, high-end smart-phones, tablets, data cards, and machine-to-machine equipment. This growth is indicative of the wireless industry momentum behind our licensable DSPs, whereby our customers continue to take market share from industry incumbents that rely on in-house developed DSP technology."
Mr. Wertheizer continued, "Overall, 2010 was an outstanding year for CEVA. We continued to increase and strengthen our strategic customer base with leading wireless semiconductor manufacturers and OEMs that will leverage our advanced DSP technologies for future mass deployment of 4G devices. Shipments of CEVA-powered chipsets increased 84% year over year to more than 600 million units, and we reached a historic milestone in becoming the world's number one DSP architecture deployed in cellular baseband processors. Looking ahead to 2011, we are extremely well positioned to continue our growth trends with tier-one handset OEMs and further expanding in two underpenetrated, significant market segments: the mobile broadband devices market, such as data cards, tablets and machine-to-machine devices, and handsets targeted at the emerging economies."
During the fourth quarter of 2010, the Company concluded five new license agreements. Four agreements were for CEVA DSP cores, platforms, and software, and one agreement was for CEVA Bluetooth technology. Target applications for customer deployment are 4G and 3G baseband processors for handsets, femtocells and low-power medical devices. Geographically, three of the agreements signed were in the U.S. and two were in Asia.
Full Year 2010 Review
Total revenue for 2010 was $44.9 million, an increase of 17% compared to $38.5 million reported for 2009. Royalty revenue for 2010 was a record high $22.9 million, representing an increase of 41% compared to $16.2 million reported for 2009. Licensing revenue for 2010 was $18.4 million, a decrease of 2% compared to $18.8 million reported for 2009.
U.S. GAAP net income and diluted earnings per share for 2010 was $11.4 million and $0.51, respectively, an increase of 36% and 24%, respectively, compared to $8.3 million and $0.41 reported for 2009.
Yaniv Arieli, Chief Financial Officer of CEVA, stated, "Our fourth quarter earnings demonstrate consistent execution of our strategy for growth and profitability. We achieved substantial progress both in terms of profitability and market traction for our technologies. Our success is clearly reflected in all-time record high royalty revenues for the fourth quarter and fiscal 2010.”
“We also generated significant positive cash flow of approximately $14 million during the fourth quarter. We ended the year with a very strong balance sheet, which included cash balances and marketable securities of approximately $131 million," concluded Arieli.
CEVA, Inc. self description
CEVA is the world's leading licensor of silicon intellectual property (SIP) plat form solutions and DSP cores for the mobile handset, portable and consumer electronics markets. CEVA's IP portfolio includes comprehensive technologies for cellular baseband (2G / 3G / 4G), multimedia, HD video and audio, voice over packet (VoP), Bluetooth, Serial Attached SCSI (SAS) and Serial ATA (SATA). In 2010, CEVA's IP was shipped in over 600 million devices, powering handsets from 7 out of the top 8 handset OEMs, including Nokia, Samsung, LG, Motorola, Sony Ericsson and ZTE. Today, more than one in every three handsets shipped worldwide is powered by a CEVA DSP core. For more information, visit www.ceva-dsp.com.
On January 25, 2011 MIPS Technologies, Inc. (NASDAQ: MIPS) reported consolidated financial results for calendar Q4 2010, its second fiscal quarter 2011 ended December 31, 2010. All financial results are reported in U.S. GAAP unless otherwise noted.
Summary of Q4 2010 Financial Highlights:
- Revenue was $21.9 million, a year-to-year increase of 44%
- Licensee royalty units grew to 173 million units from 126 million units in calendar Q3 2010
- GAAP net income was $6.0 million or $0.11 per share; up $2.8 million year-to-year
- Cash and investment balances ended the quarter at $101 million, a year-to-year increase of $53 million