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ARM posts 29% sales increase for Q3

Cambridge-based UK chip designer, ARM, has posted sales of £100.4m compared to £75.2m in 2009, an increase of 29%, for the third quarter of this year.

Normalised pretax profit was also up 60% from £24.3m to £38.8m for the period ending 30 September.

Continuing adoption of ARM technology by leading semiconductor companies in a broad range of end-markets is delivering strong sales, profits and cash, the company said in a statement,

Warren East, CEO of ARM, said, "Not only are we benefiting from growth in applications where we are the established market leader, including in smartphones and mobile computers, but we are gaining share in markets like digital TV and microcontrollers."

"Our partners are also starting to develop chips in new markets for ARM, such as servers and laptops, creating longer-term opportunities. In addition, both physical IP and Mali graphics performed well, with important licence wins and increasing royalty revenues," added East.

Shares in ARM rose more than 11% earlier this year after the announcement of a licensing agreement with Microsoft.


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