Gloomy tales
web lenders First-half group revenue increased 19 percent year-on-year to ?£85.2 million but was below analysts' expectations of ?£93.3 million. Strong growth in royalties and improving licensing revenue increased technology revenues by 24 percent to ?£70.8 million, the company said. Royalty revenues increased by 44 percent to ?£56.2million with a total shipment of 640 million units. Licensing revenue amounted to ?£14.4 million, compared with ?£17.8 million in the first half of fiscal 2013 and ?£11.3 million in the second half. ???This recovery reflects the strong and growing demand for our technology despite the continuing transitions in some market segments,??? the group said.