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NewsPoster Jul 24, 2013 06:01 AM
ARM Q2 profits similar to Q1, 30-percent year-on-year improvement
ARM has made a marginal improvement to its revenues in recent months, according to the latest quarterly <a href="" rel='nofollow'>results</a>. Revenues of $171.2 million ($264.3 million) for the second quarter are slightly higher than the &pound;170.3 million ($263.9 million) in the <a href=" 2/" rel='nofollow'>previous</a>, and represents a year-on-year increase of around 25 percent.<br />
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While the slightly higher revenues are good news, its quarter-to-quarter profits have dropped slightly, from &pound;89.4 million ($136 million) to &pound;86.6 million ($133 million), though this is still a 30-percent improvement on the &pound;66.5 million ($102.2) earned in the same quarter last year. <br />
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During the quarter, ARM managed to sign 25 processor licenses, including five for Cortex-A chips and seven for Mali graphics processors. Shipments of ARM-based chips are now at 2.4 billion, up 20-percent year-on-year. <br />
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The only real upset in the quarterly report is that the company incurred &pound;41.8 million ($64.2 million) in costs listed as "ARM's contribution to a full and final settlement of certain patent related litigation." The report does not mention the other parties involved in the legal action.
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