Product category: Reference Designs
News Release from: TTPCom
Edited by the Electronicstalk Editorial Team on 3 May 2002
Near 50% revenue growth for TTPCom
TTP Communications has revealed its preliminary results for the year ended 31st March 2002
Group revenues were up 47% to GBP 40.3 million, licence fee revenues were up 59% to GBP 25.7 million and royalties were up 4% to GBP 5.4 million, with a strong second half. TTPCom operating profit was up 25% to GBP 9.6 million, group pre-tax profits were up 8% to GBP 5.7 million and expenditure at ip.access was up 57% to GBP 4.7 million.
This article was originally published on Electronicstalk on 3 May 2002 at 8.00am (UK)
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The company also made a 54% increase in R and D investment to GBP 20.9 million.
Commenting on the results, Dr Tony Milbourn, Managing Director said; "The results that we announced today, showing TTPCom's sales revenues increasing by 47% and operating profits up by 25%, demonstrate how robust our business model really is.
With the announcement of our first contract wins in 3G during the year, I am confident in our ability to achieve the same leadership position in 3G, that we have gained in both 2G and 2.5G.
Our technology profile continues to grow and as the market evolves, the long-term prospects for the business have never been better".
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