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News Article

ARC expands

UK-based configurable processor core company ARC International has announced its unaudited financial results for the full-year ended December 31 2004.
UK-based configurable processor core company ARC International has announced its unaudited financial results for the full-year ended December 31 2004. The company increased turnover by 13% to UK£1.2 million, improved net losses by 79% and signed 32 new processor licenses.

ARC president and chief executive officer Carl Schlachte said that 2004 "marked a significant turnaround” for the company.

"Record revenues were driven by strong demand for configurable processors. We sold 15 new licenses for the recently introduced ARC600 and 700 cores, and our base of licensees grew to 96."

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