ARM reports another profitable quarter
With smartphone sales growing at a steady pace, it’s no surprise that ARM dominating the mobile chip industry, is reporting yet another great quarter with both revenues and profits on the rise. The UK-based chip designer posted $209.4 million in revenue in Q1 2012, up by 13% year-on-year.
At the same time, pre-tax profits stood at the very healthy $100 million, a surge of 22% on the year. And ARM is only expecting to see its profits and revenue continue growing in the second quarter of 2012. Q2 Revenue should grow by another 13%, and licensing will see a rise of 27%.
The UK firm has licensed 22 processors in its various markets. ARM has also scored 10 license deals for its low-power Cortex-M design. The Cortex-M0+ will also eventually arrive on devices, but the company isn’t giving away any specifics.
source: ARM (PDF)
