Chip designer and Apple supplier Imagination Technologies is in demand after better than expected results and news that its restructuring is on track.
The company said royalty revenues rose 6% and licensing revenues 7% in the first half, with earnings before interest and tax up 65% to £12.2m.
It has sold its Pure radio business and most of IMGsystems, with design and software group IMGworks near disposal, and it has achieved £27.5m of annual cost savings. It plans to concentrate on three core businesses, graphics, processing and connectivity (wi-fi and Bluetooth).
Chief executive Andrew Heath said:
We have successfully executed the restructuring programme initiated last February, on time and in line with our expectations. T…
Read the full article at: https://www.theguardian.com/business/marketforceslive/2016/dec/06/apple-supplier-imagination-technologies-jumps-after-restructuring