Final Results
Financial highlights
· Group revenue up 19% to £151.5m (2012: £127.5m) including £8.2m from MIPS*
o Technology revenue increased 28% to £125.7m (2012: £98.2m)
- Royalty revenue up 49% to £95.1m (2012: £63.8m) including £5.6m from MIPS*
- Licensing revenue of £29.1m (2012: £34.4m) including £2.6m from MIPS*
o Pure revenues of £25.8m (2012: £29.3m)
· Adjusted pre-tax profit** of £34.3m (2012: £36.8m)
· Reported pre-tax profit of £12.2m (2012: £28.5m)
· Adjusted earnings per share** 9.4p (2012: 10.1p restated***)
· Reported earnings per share 2.4p (2012: 8.0p restated***)
· Net cash balance of £45.6m (2012: £60.7m)
o Net cash included £56.3m held to settle MIPS patent sale tax liability - paid on 14 June 2013