2 Jan 2020 07:37
Apple inks licensing deal with Imagination Technologies
(Sharecast News) - Apple has inked a new supply deal with Imagination Technologies for its graphics processing units.
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Don't have an account? Click here to register.Imagination Tech profits fall less than expected despite smartphone slowdown
Tue, 24th Jun 2014 08:53
- Adjusted operating profits fall 28% but beat forecasts- Revenues increase 13%- Internet of Things trends positive, smartphone growth slowsAnnual profits at Imagination Technologies dropped despite higher revenues in the year to April 30th, though figures still managed to beat analysts' forecasts.The company, which makes multimedia, communications and general purpose processors, also impressed the market on Tuesday by saying the demand for its Ensigma communications technology is "accelerating [...] driven by the emerging trends in the Internet of Things and home connectivity", as it continues to face a slowdown in the core smartphone market. Characteristics in the latter market "are trending towards maturity", it said.Imagination reported an adjusted operating profit of £24.1m, down 28% from £33.5m the year before but ahead of the consensus estimate of £23.2m.The company said reported operating profit fell to just £0.02m from £11.3m as underlying expenses increased by 30% due to investment made in R&D together with the full-year impact of the 2013 acquisition of MIPS.Group revenues increased by 13% to £170.8m, just shy of the £174m forecast.Licensing revenues jumped by 32% to £38.3m, helped by "substantial growth" in the second half from a range of existing and new licensees. Royalty revenues increased 15% to £109m.The company said that partners' chip shipments (excluding MIPS) fell by 1% to 530m units due to the slowdown in growth of the smartphone market and short-term competitive activities in the lower-end mobile segments. MIPS' partner shipments totalled 729m units.Meanwhile, its digital radio division Pure continued to experience a "difficult environment in the UK and some exports markets" with revenues falling 10% to £23.2m."Whilst there will continue to be fluctuations and changes in the markets in which we operate, we are confident that our comprehensive and complementary IP families, and the solution-centric IP platforms they are enabling, will allow us to take advantage of the numerous growth opportunities ahead," said Chief Executive Hossein Yassaie.The stock was up 6.6% at 248.94p by 08:12 on Tuesday.BC
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Imagination Technologies boosted by Numis upgrade
(ShareCast News) - Imagination Technologies Group gained as Numis raised its rating on the stock to 'buy' from 'add' and lifted the target price to 310p from 280p following better-than-expected results. The chip maker on Tuesday reported royalty revenues rose 6% and licensing revenues increased 7% i
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6 Dec 2016 08:17
Peter Hill to chair Imagination Technologies
(ShareCast News) - Multimedia, processor and communications technology company Imagination Technologies Group announced on Tuesday it has appointed Peter Hill CBE as non-executive chairman with effect from 1 February 2017, with him joining the board on 1 January. The London-listed firm said Peter is
Read more29 Sep 2016 11:56
Broker tips: Imagination Technologies, Babcock, Sainsbury's
(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt
Read more29 Sep 2016 10:31
Numis cuts rating on Imagination Technologies to 'add' from 'buy'
(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt
Read more29 Sep 2016 08:27
Imagination Technologies sells Pure digital radio business for £2.6m
(ShareCast News) - Imagination Technologies said trading in the first quarter continues to be in line with the board's expectations and announced an agreement to sell its Pure digital radio business to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt. The company said the deal also
Read more10 Aug 2016 10:11
Wednesday broker round-up
(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with
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