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Mixed Verimatrix Q2 – Software thrives, Silicon decays, NFC vanishes

Solid growth in the software business unit was more than enough to offset continued declines in the silicon IP segment as digital security and analytics vendor Verimatrix filed its second quarter and first half 2019 results, five months since its acquisition by Inside Secure. As expected, the merged company is reaping early rewards as Q2 revenue grew 5% year on year to $33.3 million – with the Verimatrix side contributing $22.9 million and Inside Secure $10.4 million. On an IFRS basis, first half 2019 revenue soared 162% to $52.9 million, on gross profit of $44.5 million, as a result of the combined revenue streams – primarily from conditional access which drove double digital growth. For anyone wanting to dive in…

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