ARM Reports Profit Rise Of 23%, Bucking Industry Trend

News updates all day from Fast Conpany.

British firm ARM, behind the innovative low-power chips that are enabling the smartphone and tablet revolutions, has just reported its second quarter finances, including profits of £66.5 million ($103.25 million) on sales of £135.5 million. The totals beat analyst expectations, and the profit figure represents a rise of 23% over the same period last year—while revenues are up 15%. The results are impressive given the difficult global economic environment and that ARM's industry peers have variously been down-adjusting their forecasts to suit consumer nervousness and the financial crisis that's affecting Europe so badly. ARM's strong performance is attributed to good global sales of tablets, smartphones, and other devices like smart TVs, and that its licensing revenue streams performed particularly well. Apple licenses ARM designs for its own-branded A-series of chips that power the iPhone, iPad, iPod Touch, and Apple TV.

Visit our main Fast Feed page during the day to keep on top of news like this.

Add New Comment

1 Comments

  • Connor Donnelly

    It's great to see some strong news coming out of Europe.  With 13.5BN connected devices expected to be "online" by 2016, it's no wonder these players within the Internet of Things are the bright shining stars in the global economy.  

    With meshed wifi, low-power sensors and advanced embedded analytics looming on the horizon, players within the Smart Services arena should also see tremendous gains...if management can recognize and take advantage of the appropriate opportunities...Connor DonnellyBoulder, CO