ARM announces healthy pre-tax profits

e14news — Fri, 08 Oct 2021 02:49:41 GMT

Current Revision posted to Documents by e14news on 10/8/2021 2:49:41 AM
ARM, the chip company which designed the 'brains' behind the iPad, has confirmed that 1.1 billion processors based on its architecture were shipped in smartphones and tablets, wireless communication device users may be interested to learn.

According to the firm, it saw a 25 per cent increase in second quarter pre-tax profits of £54.2 billion on revenue up 18 per cent at £117.8 million the previous quarter.

The announcement outstripped the estimates of analysts, who had expected pre-tax profits of £45.3 million.

Commenting on the results, Warren East, the ARM chief executive, said: "In the first half of 2011, we have seen strong license revenues ... major semiconductor vendors and consumer electronics companies are making long-term commitments to using ARM technology ... underpinning growth in ARM's long-term royalty revenues."

Further to this, ARM confirmed that second quarter licensing revenue jumped 59 per cent to $58.1 million (£35.5 million) compared with the same period in 2010.

Posted by Simon Jones