ARM said on Tuesday its third-quarter pretax profit jumped 22
percent to 68.1 million pounds ($109 million) on revenue 20 percent
higher at 144.6 million pounds.
The profit was greater than forecasts and was helped by the adoption
of the company's processor technology found in ppopular smartphones
and tablet computers from Apple and Samsung.
"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," said Warren East,
ARM Chief Executive Officer.
Sales of ARM's more expensive Cortex-A designs were particularly
strong, according to ARM. Cortex-A accounted for nine percent of
shipments, up from five percent a year ago, but it accounted for 35
percent of royalties, the company said. Licensing demand for Cortex
technology was also strong, with sevens Cortex-A licenses signed in
the quarter, helping total licensing revenue rise 15 percent, the
company said.