ARM beats expectations, reports Q2 revenues up 15%
Chip designer ARM has beaten market expectations with its Q2 results, which it attributes to increased demand for its technology.
The company reported Q2 revenue of £135.5m, an increase of 15% from the same period last year. Profits before tax were £66.5m, a 23% increase from Q2 2011.
"ARM's royalty revenues continued to outperform the overall semiconductor industry as our customers gained market share within existing markets and launched products which are taking ARM technology into new markets," commented ARM ceo Warren East. "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."
East also drew attention to the recent partnership formed between ARM and TSMC to optimise next generation ARM processors and physical IP for TSMC's FinFET process technology.
The company says that it expects revenues for full year 2012 to be in line with market expectations.
