Imagination Technologies’ profits rise 53%

Imagination Technologies- one of the British company behind the graphics for the iPad and iPhone, has reported a 53% rise in full year profits.Imagination Technologies' profits rise 53%Imagination made £36.8 million in adjusted pre-tax profits on revenues up 30% to £127.5 million for the year to 30 April, the company said.

The number of graphics and video technology computer chips shipped rose by a third to 325 million.

Imagination, based in Kings Langley, Hertfordshire, earns royalties from licensing its intellectual property (IP) to technology partners such as Intel and Samsung.

The firm’s graphics technology can be found in mobile phones, tablet computers, games consoles, cameras, digital radios and TV set-top boxes. Imagination also makes the “Pure” brand of digital radios.

New licensing partners added during the year included brands, such as Qualcomm and Huawei.

Imagination has benefited from the convergence of personal computers and the new generation of high-powered smartphones boasting high-definition screens.

In 2001, it launched the world’s first portable digital radio and has been expanding the Pure range ever since.

But take-up in the UK has been hampered by slow adoption of the DAB digital radio standard.

The UK market remained “soft”, the company said, but was being off-set by strong overseas growth.

The company is trying to expand into audio streaming and this month took a 10% stake in UBC Media, the audio and video content producer.

August 9, 2012  Tags: , , , , , , , , , , ,   Posted in: Business Exports, Business Growth, Business Profits, Business Sales, Business Win, Digital Business, Exporting Businesses, Global Business, Growing Business, Growing Profits, Growing Sales, Technological Businesses, Uncategorized

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