Rambus Lifts Q2 Revenue Guidance; Backs FY14 Revenue Forecast - Quick Facts

(RTTNews) - Chip interface technology developer Rambus Inc. (RMBS), Wednesday announced increase in its second-quarter revenue guidance to $75 million-$77 million, from the previous range of $69 million-$74 million.

However, the company's guidance for pro forma operating costs and expenses remains the same.

For the full year 2014, the firm backed its revenue guidance, which is expected to range between $295 million and $305 million.

In addition, Rambus announced that it has signed a comprehensive patent license agreement with Qualcomm Global Trading Pte. Ltd., a unit of Qualcomm Inc.(QCOM). As per the deal, Qualcomm Inc. and its units will have access to patented security technologies developed by the Cryptography Research division of Rambus.