Boston, MA 06/12/2014 (wallstreetpr) – Technology solutions provider Rambus Inc. (NASDAQ:RMBS) is likely to be one of the most sought after shares on Thursday at least on two counts. One is that it has lifted its revenue outlook for the second quarter, and the other is that it licenses deal involving Qualcomm, Inc. (NASDAQ”QCOM)’s subsidiary for its key feature management security solution.
2Q Outlook Raised
The company has boosted its revenue forecast to a range of $75 – $77 million from $69 – $74 million projected earlier. However, it disclosed that there are no changes in its outlook of pro forma operating costs. Wall Street analysts, on average, expect Rambus to generate revenue of $73.63 million for the second quarter.
For the fiscal year 2014, the company has reconfirmed its revenue forecast of $295 – $205 million. Analysts predict Rambus to report revenue of $300.5 million.
Qualcomm License
Separately, the company disclosed that Qualcomm’s Qualcomm Global Trading Pte. Ltd. has struck a deal on licenses for the feature and security management platform of CryptoManager that was Rambus division Cryptography Research or CRI.
The solution of CryptoManager is expected to offer Qualcomm and its subsidiaries with an improved hardware solution provisioning for their system of an integrated circuit on a chip or SoC apart from an infrastructure suit for security in the whole of the manufacturing processes of SoC.
The Security Engine of CryptoManager fulfils critical device and chip security requirements. It included cryptographic key management and provisioning among the device and chip supply chain. Rambus’ CryptoManager infrastructure offers a unified platform for all locations provisioning and complete visibility into the operations.
Management Speaks
Qualcomm technologies senior vice president of product management Raj Talluri said that that its dedication towards security is a key aspect in its efforts to allow its customers to create trusted and innovative mobile devices. Rambus Inc. (NASDAQ:RMBS)’ CryptoManager plan is expected to help security a solution, which can manage silicon features, and help its customers manage important data and content on mobile devices.
