The news just keeps getting better and better for ARM Holdings. Today, the chip designer reported third quarter net profits of £31.5 million ($50.4 million), more than double the £14.8 million it reported during Q3 2010. Revenue, meanwhile, rose to $192.3 million -- a 22 percent increase over the previous year, and a slightly higher figure than previously expected. In a statement, chief executive Warren East attributed these results to a "continued high level of design activity, with many new customers licensing ARM technology for the first time, driven by end-market requirements for smarter, low-power chips." Indeed, a total of one billion ARM mobile chips were shipped this quarter (up ten percent from last year), and the company expects to rake in about $763 million in total revenue, by the end of 2011. Find figures and facts galore, at the source link below.
ARM doubles Q3 profit, sees surge in revenue, is understandably pleased originally appeared on Engadget on Tue, 25 Oct 2011 04:58:00 EDT. Please see our terms for use of feeds.
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