ARM grows processor revenues by 25%
ARM’s latest financial statement shows the company’s Q1 revenue reached £66.5million ($129.2m). Highlights of the statement include processor licensing dollar revenues up by 25% and revenue from physical IP up by 23%.
Warren East, ARM’s chief executive, pictured, noted: “We are pleased that our Q1 results represent another quarter of robust operational execution and strong cash flow generation against a backdrop of some softness in the semiconductor industry.”
The company has also announced that it is embarking on a share buyback programme aimed at reducing its net cash position from its current £127m to £50m by the end of the year.
East said the move reflected the company’s confidence in its long term growth, earnings and cash generation potential.
