ARM’s Q4 profit climbs 16%
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ARM has reported a better than expected 16% rise in profit in Q4, boosted by rising sales of smartphones and tablets using its technology.
The Cambridge based firm also announced strong 2012 results, with profit up 20% to £276.5million, compared to £229.7m in 2011.
"ARM has seen good revenue and earnings growth throughout 2012," said the company's ceo Warren East, pictured. "Customers are developing products to meet the needs of the post pc era and are driving demand for ARM's most advanced technology.
"In Q4 we again saw influential market leaders demonstrating their commitment to ARM technology by licensing our latest products. Royalty revenue has also grown strongly during Q4 underpinned by ARM's market share gains and an increased royalty percentage from Cortex-A class processors being deployed into smartphones and tablets."
In a statement, ARM said it expected to continue to outperform the wider semiconductor market in 2013. It anticipates full year revenue to be at least in line with market expectations.
