InterDigital (IDCC) Tops Q2 EPS by 11c

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Go back to InterDigital (IDCC) Tops Q2 EPS by 11c

InterDigital Second Quarter 2015 Financial Results Driven by 23% Increase in Recurring Revenue

July 30, 2015 8:30 AM EDT

WILMINGTON, Del., July 30, 2015 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile technology research and development company, today announced results for the second quarter ended June 30, 2015.

Second Quarter 2015 Financial Highlights                 

Second quarter 2015 recurring revenue was $91.2 million, consisting of current patent royalties and current technology solutions revenue, representing an increase of 23% compared to recurring revenue of $74.3 million in second quarter 2014.  This increase in recurring revenue is primarily attributable to an increase in per-unit royalties related to an increase in shipments by Pegatron and our other Taiwan-based licensees.Total revenue was $118.6... More