The technology company does not pay a dividend.
The company swung to a pretax loss of
Licensing revenues rose to
Royalty revenues rose to
The average royalty rate per chip, excluding MIPS, was maintained at levels in line with the previous year.
The company's Pure audio business continued to be hampered by a difficult trading environment in the
Gross margin improved to 88% from 86%, benefiting from growth in the company's higher margin Technology business.
The company expects a good performance from its licensing division during 2014 as demand for its video and graphics technologies remains strong. It expects to see shipment volumes increase during fiscal 2015, with growth predominantly in the second half of the year.
The company noted that MIPS volume could be subject to fluctuations, and expects shipments of MIPS to be broadly flat in fiscal 2015. Non-MIPS shipment volumes will be driven by continued growth of existing customers' designs,
Growing trends in home connectivity and the "internet-of-things" will provide opportunities for the company's MIPS and Ensigma products, and it expects newer technologies to make growing contributions in fiscal 2015.
"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
Most Popular Stories
- Neighbor Warns Chris Brown to Stay Off His Property
- Venezuelan Officials Banned From Traveling in U.S.
- WWE Showing Off Its Muscles
- Homeowners More Satisfied With Mortgage Servicers
- As Jobs Market Strengthens, Many Don't Feel It
- Adrienne Bailon Disses Ex-Lover Rob Kardashian
- Target Taps Pepsi Exec as New CEO
- Hispanic Arts Leaders Unite Across the Border
- Islamic State Fights for Control of Syrian Oil Wealth
- House Votes to Sue Obama