Financial results

ARM expects profit growth of 23%

Kathleen Hall

UK chip maker ARM is expecting sales growth of 15% to £268m in its second quarter results, with profits up 23% to £66.5m, compared with the same quarter last year.

The unaudited results from ARM, which provides most of Apple’s chips, follow Apple's results, which saw growth of 21% to $8.8bn (£5.6bn) for its third quarter.

“This quarter we have seen multiple market leaders announce exciting new products, including computers and servers from Dell and Microsoft, and embedded applications from Freescale and Toshiba," said ARM CEO Warren East. 

"In addition, ARM and TSMC announced a partnership to optimise next-generation ARM processors and physical IP and TSMC's FinFET process technology," he said. “These new products are the result of technology engagements over many years, and ARM's long-term commitment to invest in the development of innovative technology.”

ARM said its outlook for the second half of its financial year was strong, as it has a record order backlog and a robust pipeline.

 


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