Arm Holdings announces strong first quarter profits

e14news — Thu, 07 Oct 2021 09:24:06 GMT

Current Revision posted to Documents by e14news on 10/7/2021 9:24:06 AM
UK chip designer Arm Holdings has announced strong first quarter profits, boosted by sales of smartphones and tablet computers.

Indeed, profits before tax rose to £30.5 million in the first three months of 2011, compared with £25.9 million in 2010.

The firm’s chip designs are used in many mobile devices, such as mobile phones and tablets.

"Shipments of Arm-processor based chips increased 33 per cent on the same period last year driven by growth in smartphones, tablets, digital TVs and microcontrollers," commented Arm chief executive Warren East.

"Arm's revenue growth enables us to continue to invest in innovative technology development at the same time as delivering strong increases in profits and cash flow," he added.

In other news, Orange has launched its 'Do Some Good' application, which is designed to get the UK working to help out charitable causes through their smartphone.

Orange allows users to download the app and then choose a range of simple tasks to do using their phone.

The move comes after Orange surveyed 1,311 adults and found that nearly three-quarters would be willing to donate their time via this application while doing everyday tasks.