ARM self description
ARM designs the technology that lays 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
On July 26, 2011 CEVA, Inc. (NASDAQ: CEVA); (LSE: CVA) announced its financial results for the second quarter ended June 30, 2011.
Highlights for Q2 2011:
-- Q2 2011 revenues of $14.4 million, up 36% year-over-year
-- Healthy licensing environment with good short-term visibility
-- Strong financial performance - both operating income and net income approximately double year-over-year
Total CEVA worldwide revenue for the second quarter of 2011 was $14.388 million, an increase of 35.62% compared to $10.609 million reported for the second quarter of 2010, but down 4.38% sequentially from a revenue figure of $15.05 million achieved in Q1 2011.
Second quarter 2011 licensing revenue was $5.2 million, representing an increase of 13% when compared to $4.6 million reported for the same quarter a year ago. Royalty revenue for the second quarter 2011 was $8.3 million, an increase of 60% compared to $5.2 million reported for the second quarter of 2010. Revenue from services for both the second quarters of 2011 and 2010 was $0.9 million.
Gideon Wertheizer, Chief Executive Officer of CEVA, stated, "The second quarter demonstrated strong financial and business achievements. We are particularly pleased with the dynamics of our licensing business, where we concluded strategic CEVA-XC agreements with partners in the LTE handset and smart grid markets.”
“We also experienced higher sequential shipment volumes of CEVA-powered products, resulting from continued expansion in the lucrative 3G smart phone and TD-SCDMA market segments. Overall, we continue to make exceptional progress in both the licensing and market deployment of our technology, reaffirming the key trends that drive growth and profitability for our company,” concluded Wertheizer.
Of the eight new license agreements secured during the second quarter of 2011, seven agreements were for CEVA DSP cores, platforms and software, and one agreement was for CEVA SATA/SAS product lines. Target applications for customer deployment are 4G and 3G baseband processors for handsets, infrastructure, smart grid, portable game consoles and SSD drives. Geographically, four of the agreements signed were in the USA and four were in Asia.
CEVA US GAAP net income for the second quarter of 2011 was $4.123 million, an increase of 94.2% over $2.123 million reported for the same period in 2010, but sequentially Q2 2011 net income was off 11.3% from the $4.651 million net income booked in Q1 2011.
US GAAP diluted earnings per share for the second quarter of 2011 were $0.17, an increase of 70% year-over-year compared to $0.10 for the second quarter of 2010.
Yaniv Arieli, Chief Financial Officer of CEVA, stated, "We continued to demonstrate considerable progress during the second quarter, delivering significant year-over-year growth in every aspect of our business. Total revenue increase was driven by exceptional year-over-year royalty revenue growth and progress in our licensing business. As a result, our operating income and net income approximately doubled compared to the second quarter of 2010.”
“Finally, we continued to strengthen our balance sheet with the addition of approximately $9 million in positive cash flow. At the end of the quarter, our cash balance, marketable securities and bank deposits totaled approximately $153 million," he said.
About CEVA, Inc. self description
CEVA is the world's leading licensor of silicon intellectual property (SIP) DSP cores and platform solutions 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. Follow CEVA on twitter at
On August 4, 2011 MIPS Technologies, Inc. (NASDAQ: MIPS) reported consolidated financial results for its fourth fiscal quarter and fiscal year ended June 30, 2011 or calendar Q2 2011. All financial results are reported in US GAAP.
MIPS-selected Calendar July ‘10 to June ‘11 Highlights:
- Revenue for the 12 months was $82.0 million, a year-to-year increase of 16%
- Licensee royalty units grew this past 12 months to 656 million units from 510 million units in the July 2009 to June 2010 period
- Cash and investment balances ended Q2 2011 at $109.4 million, a year-to-year increase of $57.0 million
Detailed Calendar Q2 2011 Financial Highlights (?):
Q2 2011 revenue was $17.597 million, down 24.41% compared with $23.280 million in the year ago period, and down 12.22% from the sequential calendar Q1 2011 revenue of $20.048 million. Q2 2011 revenue from royalties was $11.8 million, a decrease of 5% from Q2 2010. License revenue was $5.8 million, a decrease of 47% from the $10.9 million reported in Q2 2010.
Q2 2011 GAAP costs and operating expenses were $16.037 million, a decrease of $0.172 million compared to $16.209 million in Q2 2010, but inexplicably up $0.234 million from $15.975 million in sequential Q1 2011.