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ARM first quarter results show higher revenues, profit
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Apr 23, 2013, 06:27 AM
 
ARM is seeing favorable results again in its quarterly results, continuing on from the rising revenues of the last quarter. The financials for the first quarter of 2013 show revenues rising year-on-year by 26 percent to £170.3 million ($263.9 million), while pre-tax profits earned the company £89.4 million ($136 million), a 44-percent increase compared to Q1 2012.

During the quarter, ARM managed to sign 22 processor licenses for usage of its technology in smartphones, digital TVs, and wearable technology. Chip shipments have increased 35 percent year-on-year to 2.6 billion for the quarter, with mobile chips alone increasing by 25 percent and embedded by 50 percent. Mali graphics processor shipments are up more than five times the level for the same time last year.

Chief Executive Officer Warren East said that "this quarter ARM saw strong uptake of its next generation, higher royalty bearing ARMv8, Mali, and big.LITTLE technology." East is said to be retiring on the first of July after 19 years at the company, and will be replaced by current president Simon Segars.
     
   
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