InterDigital (IDCC) Tops Q1 EPS by 12c
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InterDigital First Quarter 2015 Financial Results Driven by 96% Increase in Recurring Revenue
April 29, 2015 8:30 AM EDTWILMINGTON, Del., April 29, 2015 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile technology research and development company, today announced results for the first quarter ended March 31, 2015.
First Quarter 2015 Financial Highlights
Total revenue was $110.4 million, compared to $57.8 million in first quarter 2014. First quarter 2015 revenue was entirely comprised of recurring revenue, consisting of current patent royalties and current technology solutions revenue, representing an increase of 96% compared to recurring revenue of $56.2 million in first quarter 2014. This increase in recurring revenue is primarily attributable to our second quarter 2014... More