Arm Holdings reports 25% rise in Q2 profits

Microchip manufacturer Arm Holdings (ARM.L) has reported a 25 per cent year-on-year rise in pre-tax profits, up to £54.2 million in the second quarter.

 Arm Holdings reports 25% rise in Q2 profits


Microchip manufacturer Arm Holdings (ARM.L) has reported a 25 per cent year-on-year rise in pre-tax profits, up to £54.2 million in the second quarter.

Microchip manufacturer Arm Holdings (ARM.L) has reported a 25 per cent year-on-year rise in pre-tax profits, up to £54.2 million in the second quarter.

The company also revealed an 18 percent year-on-year rise in revenues, increasing 18 per cent from £100 million to £117.8 million
 
In its second quarter results, the company attributed the rise in revenues to growing use of its processor technology and growth in mobile applications.
 
Warren East, chief executive at Arm, said the first half of the year had seen strong license revenues.

He added, ‘Major semiconductor vendors and consumer electronics companies are making long-term commitments to using ARM technology in their future product developments, underpinning growth in ARM’s long-term royalty revenues.

‘As the addressable market for ARM technology grows, we continue to invest in the development of innovative technology, whilst simultaneously increasing revenues, profits and cash.’
 
The company said it remained optimistic for the second half of 2011 as it has a healthy order backlog and pipeline expected to generate strong license revenues.

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