PURE parent company profits up 53 percent
The company that owns digital radio manufacturer PURE has reported an increase in profits of more than 50 percent.
Imagination Technologies made £36.8m before tax in the year to 30 April 2012, with revenues up nearly a third to £127.5m.
The firm provides graphics and video technology chips, including for the technology used by Apple in iPads and iPhones. It also earns royalties from licensing its intellectual property to companies including Intel and Samsung.
Chief executive Hossein Yassaie said: “Despite the global economic environment, over one million devices are now being shipped with our IP daily. We remain very confident of our continued good progress given the growing demand across our IP families, the growth in design wins across a widening range of end-user markets, and the momentum in our partners’ chip volume. Despite the global economic environment, over one million devices are now being shipped with our IP daily.”
Imagination Technologies recently took a 10% stake in digital content producer UBC Media and is a partner with UBC in marketing and licensing the UK’s Radioplayer online platform to countries worldwide.