ARM financial earnings up from 2010

In the first half of the year, there was an increase in design activity across a broad range of end applications, 29 licenses signed in Q2 and 68 in the half year – double the number from the same period in 2010. Overall, Q2 2011 dollar revenues hit $190million, a 27% year on year increase, while Q2 2011 profit (before tax) was $54m, up 25% from 2010. 1.9billion ARM based chips were shipped in Q2 1011, with a total of 3.7bn for the first half of this year – up from 2.8bn year on year. Warren East, chief executive officer, said: "In the first half of 2011, we have seen strong license revenues driven by an increase in design activity around ARM technology across a broad range of end applications. Major semiconductor vendors and consumer electronics companies are making long term commitments to using ARM technology in their future product developments, underpinning growth in ARM's long term royalty revenues. "As the addressable market for ARM technology grows, we continue to invest in the development of innovative technology, whilst simultaneously increasing revenues, profits and cash." Data acquired by ARM for the second quarter points to a small sequential increase in industry wide revenues for the second half of 2011.