Creative Technology Wednesday reported net income of US$92.2 million for the second quarter of its fiscal year, largely due to a one-time licensing payment by Apple.Creative, which makes MP3 players and PC audio components, said net income was sharply higher over the same period one year ago, when it reported net income of US$8.2 million. The company’s second-quarter revenue, at US$425 million, was also higher than the same quarter last year, when it generated sales of US$391 million.The big jump in net income during the second quarter came largely from a US$100 million licensing payment received from Apple. That payment contributed $82 million in net income, Creative said. Excluding the Apple payment and investment gains, Creative’s net income for the second quarter was $9.9 million, it said.The Apple licensing payment was made under the terms of a settlement reached last year, following a patent dispute between the two companies. Creative was initially expected to record the payment during the first quarter of its fiscal year, but instead recorded the payment during the second quarter. -Sumner Lemon, IDG News Service (Singapore Bureau)Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature Expedia poised to take flight with generative AI CTO Rathi Murthy sees the online travel service’s vast troves of data and AI expertise fueling a two-pronged transformation strategy aimed at growing the company by bringing more of the travel industry online. By Paula Rooney Jun 02, 2023 7 mins Travel and Hospitality Industry Digital Transformation Artificial Intelligence case study Deoleo doubles down on sustainability through digital transformation The Spanish multinational olive oil processing company is immersed in a digital transformation journey to achieve operational efficiency and contribute to the company's sustainability strategy. By Nuria Cordon Jun 02, 2023 6 mins CIO Supply Chain Digital Transformation brandpost Resilient data backup and recovery is critical to enterprise success As global data volumes rise, business must prioritize their resiliency strategies. By Neal Weinberg Jun 01, 2023 4 mins Security brandpost Democratizing HPC with multicloud to accelerate engineering innovations Cloud for HPC is facilitating broader access to high performance computing and accelerating innovations and opportunities for all types of organizations. By Tanya O'Hara Jun 01, 2023 6 mins Multi Cloud Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe