ARM sees Q2 profit climb 30%
1 min read
ARM has posted better than expected financial results for the second quarter of this year, on the back of strong demand for its latest processors and increasing licensing activity from Asian semiconductor companies.
In its first set of results since Simon Segars (pictured) took over from Warren East as ceo, the Cambridge-based firm reported a 30% jump in pre-tax profits to £86.6million and a 24% jump in revenue to £171.2m.
Segars said: "ARM has delivered another quarter of strong revenue. In Q2, our processor royalty revenue again outperformed the semiconductor industry, growing at 24% year on year.
"In part this outperformance was driven by the growth in smartphones and mobile computing. These smart devices increasingly contain both ARM's higher royalty yielding Cortex-A processor technology and also ARM's Mali graphics."
Looking ahead, ARM said it expects to see a small sequential increase in revenue in the second half of 2013. "Building on our strong performance in the first half, we expect overall group dollar revenues for full year 2013 to be at least in line with market expectations," the company said in a statement.
