ARM's Q2 continues climb in sales and profits

From EETimes: Processor IP licensor ARM Holdings plc (Cambridge, England) has posted yet another quarter with increased sales and profits.

As it announced its 2Q12 financial results ARM highlighted that it shipped 2 billion chips in the quarter, up 9 percent compared with 2Q11 while industry shipments of chips overall are down 4 percent and that processor royalties were up 14 percent compared with 2Q11 compared with a decline of industry revenues of 7 percent.

The company's revenues in the second quarter of 2012 were $213.0 million up 1.7 percent from the previous quarter and up 12 percent on sales of $190.2 million achieved in 2Q11. The 2Q12 pre-tax quarterly profit rose to £66.5 million (about $103 million) up from £61.9 million (about $96 million) in the previous quarter and up from £50.7 million (about $80 million) in the second quarter of 2011.

The company's share price in London climbed by about 5 percent on opening after the announcement of the financial results.

View: Article @ Source Site