Ceva unveils quarterly revenue results

Ceva, a licensor of silicon intellectual property (SIP) platform solutions, has revealed that total revenue for the second quarter of 2010 was $10.6m (£6.8m) − an increase of 16 per cent compared with the $9.1m reported for the second quarter of 2009.

The company recorded licensing revenue at $4.6m − an increase of seven per cent above the $4.3m reported for the second quarter of 2009 − while royalty revenue was up by 30 per cent year on year to $5.2m from $4m in the the comparable period.