ParthusCeva see Q2 rise on licensing performance

ParthusCeva has reported revenue of $9.1m (€7.9m) for Q2 - a 3% increase of the Q1 figure.

The company which licenses Digital Signal Processor (DSP) cores and platform-level IP solutions signed six license agreements in the second quarter, principally involving its DSP technologies.

It also achieved its first licensing win in 802.11 wireless-LAN technology. Two of the top five semiconductor companies worldwide licensed ParthusCeva's DSP cores in the second quarter.

Net income for the second quarter of 2003 amounted to $32,000 (€28,000), compared with a net loss of $1.3m (€1.1m) for the first quarter.

Chet Silvestri, Chief Executive Officer of ParthusCeva, said: "I am pleased that ParthusCeva has achieved operating profitability and positive net income in the second quarter, driven by robust licensing performance with six licensing agreements signed.

"This momentum, underpinned by a portfolio of new DSP and platform products we plan to launch in the next couple of quarters, gives us confidence that we can achieve our corporate goals of profitable growth and technology leadership," he added.