LONDON, June 19 Imagination Technologies
, the British company whose graphics power Apple's
iPhone and iPad, posted an as expected 53 percent rise
in full-year profit and said it was confident about its
The group, which also makes "Pure" branded digital radios,
posted adjusted pretax profit of 36.8 million pounds ($57.7
million) on 30 percent higher revenue of 127.5 million pounds.
Imagination said the total number of chips shipped with its
graphics and video technology by partners including MediaTek
in the year to April 30 rose by a third to 325
"Despite the global economic environment, over 1 million
devices are now being shipped with our IP daily," Chief
Executive Hossein Yassaie said on Tuesday.
"We remain very confident of our continued good progress."
Shares in the group have been under pressure in the last two
months, falling by 30 percent, as investors fret about
end-consumer demand and increased competition from ARM,
which is down about 19 percent in the same period.