ARM Q3 profits up 44% year on year

Demand for ARM's technology has come from a range of applications, from sensors to computers, with 28 licenses signed, including 14 new customers. Dollar revenues were up 22% year on year to a record $192.3million, while ARM's profit before tax rose 44% year on year to £55.8m. In total, 1.9billion ARM based chips were shipped. Warren East, chief executive officer, pictured, said: "In the third quarter of 2011, we saw a continued high level of design activity with many new customers licensing ARM technology for the first time, driven by end market requirements for smarter, low power chips. Over the last year we have seen strong growth in shipments of ARM technology based chips, with a 50% increase of shipments into non mobile markets such as digital tvs, microcontrollers and networking applications. Royalty revenues in Q3 have been impacted by the below seasonal growth in the semiconductor industry, but we continue to gain share. With customers looking to design ARM technology into a widening product portfolio, ARM is continuing to invest in the development of new products to drive long term growth in our revenues, profits and cash." Despite the below seasonal activity levels in the semiconductor industry, ARM expects to gain share in Q4 2011.