DUBLIN, Ireland-Revenues continue to inch higher for Parthus Technologies plc, which released its earnings for the quarter, bolstering comments from Parthus officials that the company may well benefit from a slowing economy.
Parthus’ total revenue for the quarter, ended March 31, was $9.8 million, up 5 percent from the previous quarter and a full 58 percent from the same period last year. The company’s licensing and royalty revenue, on which it places its hopes for the future, were up 14 percent from the previous quarter to $5.9 million, a 114-percent increase from the same time last year.
“In a tightening semiconductor market, the benefits to our customers of licensing our IP platforms, including lower cost and faster time-to-market for new products, are even more compelling,” said Brian Long, the company’s chief executive officer.
Parthus pointed to its announcement involving STMicroelectronics, under which the companies will develop a single-chip Bluetooth radio, as proof of its business acumen.
“The inherent advantage of our business model has attracted a range of blue-chip technology companies, including five of the top 10 semiconductor companies worldwide,” said Kevin Fielding, Parthus’ president. “And this compelling `in-sourcing’ strategy gives us confidence for the long-term.”
Parthus develops and licenses a variety of technology platforms for the wireless Internet, including those for Bluetooth, GPRS networks, mobile computing and global positioning system technologies.
