Apple and Samsung chip designer Arm sees profit up 22%
- Published
Arm Holdings said it had a record order book
Arm Holdings, whose computer chip technology powers Apple and Samsung smartphones, has posted a 22% rise in quarterly profits to £68.1m.
At the same time, Arm's revenues went up 20% to £144.6m in the three months to the end of September.
The increase was helped by the company expanding in newer markets, such as digital televisions and hearing aids.
Shares in Arm, , rose 2.7% in morning trading.
Chief executive Warren East said: "Arm has delivered another quarter of strong revenue and earnings growth. As we move into an ever more connected world of mobile computing, cloud-based networks and the Internet-of-Things, Arm is seeing increased demand for its high performance and low-power technology.
"This demand is helping to drive Arm's licensing revenues and this quarter we saw market leaders license Arm's advanced processor technology for next-generation super smartphones, tablets and mobile and embedded computing applications."
- Published24 April 2012