Arm Holdings profits up over 40%

Written by Will Smith - Posted on Wednesday, 01 February 2012 05:34

"Arm Holdings, which designs chips used in smartphones such as iPhones, has seen its profits rise after agreeing more deals to licence its designs.

The firm's pre-tax profits rose 42% to $49.7m (£31.4m) in the last three months of 2011 compared with the same period in 2010. A record 2.2 billion chips using Arm technology were shipped in the period. For the whole of 2011, Arm Holdings' pre-tax profits rose to $156.9m, up 42% from 2010.

"In Q4 and throughout 2011 Arm has seen strong licensing growth, driven by market-leading semiconductor companies increasing their commitment to Arm technology, and more new customers choosing Arm technology for the first time," said chief executive Warren East."

Source: BBC

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