Imagination Technologies Group Plc (IMG.L) said Thursday that its the Board remains confident that the Group is on track for continued progress, despite macro-economic volatility.
In an interim management statement for the period from May 1 to September 12, the firm said the continuing macro-economic volatility creates caution among its customers. Despite this, the licensing pipeline remains robust, even as there is the usual uncertainty over the timing of deal closures.
The company sees further product launches from its customers, including several of its significant design wins reaching production. This will continue to drive strong growth in royalty volumes and revenue.
Despite the slow-down in consumer spending, the Pure division continues to effectively showcase and help to drive key strategic connectivity technologies. The company expects to see a financial improvement in this division over the medium term, driven by international markets and new product opportunities.
Hossein Yassaie, Imagination's CEO, said, "Our 'smart' technologies are being adopted more widely across both new and existing partners, creating a wider base for continued momentum in future volume growth which maintains our stated goal of around 1bn annual unit shipments by 2016 as a realistic objective."
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by RTT Staff Writer
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