MIPS Technologies (NASDAQ:MIPS) reported Q2 EPS of $0.14, ahead of consensus estimates of $0.12 per share. Revenues for the quarter rose 44% year-over-year to $21.9 million, missing consensus estimates of $22.1 million.
Sandeep Vij, MIPS Technologies chief executive officer said, "Both our royalty revenue and earnings exceeded our expectations during the quarter. Our financial performance in the second quarter demonstrates our continued momentum across the digital home, networking and mobile markets. This momentum includes the addition of three new licenses with companies that are developing chips for mobile solutions. Now that we have publicly shown the first MIPS-Based smartphones and tablets, we look forward to continued traction in this area."