ARM Holdings sees profits rise in first quarter

(Source: Reuters)

ARM Holdings, the technology company, has posted first quarter results (release). The firm saw pre-tax profits rise from £51.3m in the same quarter last year to £67.1m. The quarter saw 22 new processor licenses signed, nine of which were for the ARM's Cortex-A series processors which are used in smartphones and tablets. 52 per cent of products shipped using ARM's designs were for the mobile sector, with 18 per cent of orders intended for enterprise purposes.

Warren East, Chief Executive Officer, said:

Everyday devices are becoming smarter, more connected and more energy efficient, which is increasing the applicability of and demand for ARM's technology. In particular, this quarter ARM saw strong uptake of its next generation, higher royalty bearing ARMv8, Mali and big.LITTLE technology for smartphones and mobile computers.

ARM's royalty revenues again outpaced the wider semiconductor industry. This outperformance has been driven by market share gains in key end markets including digital TVs and microcontrollers. In addition, the growth in smartphones and tablets continues to benefit ARM. Even low cost smart devices can contain multiple ARM-based chips and be based on ARM's advanced Cortex-A series technology and Mali graphics processors.