InterDigital (IDCC) Tops Q2 EPS by 32c

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Go back to InterDigital (IDCC) Tops Q2 EPS by 32c

InterDigital Announces Financial Results for Second Quarter 2017

July 27, 2017 8:30 AM EDT

WILMINGTON, Del., July 27, 2017 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile technology research and development company, today announced results for the second quarter ended June 30, 2017.

Second Quarter 2017 Financial Highlights

Second quarter 2017 total revenue was $135.8 million, compared to $75.9 million in second quarter 2016.  The increase in total revenue includes past patent royalties related to a settlement agreement and release of claims with Microsoft during second quarter 2017.Recurring revenue grew 18% to $87.9 million, compared to $74.6 million in 2016, primarily driven by an increase in fixed-fee revenue... More