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ARM sees strong Q2 growth with revenue up 54% to £100 million

ARM sees strong Q2 growth with revenue up 54% to £100 million
UK semi conductor design company ARM (LON: ARM) has announced its Q2 2010 financial figures, for the three months ending June 30.

Revenue was £100 million ($150.3 million), up 54 percent year-on-year

Profit before tax was £43.5 million ($65.3 million), up 167 percent.

The company generated £30.4 million in net cash, and had an operating margin of 42.7 percent, up from 24.7 percent year-on-year.

Half year revenue was up 33 percent to £192.3 million ($293.6 million) and profit before tax up 102 percent to £81.1 million ($124 million)

On the up and up

Growth for ARM's chip designs continues to be strong, both in terms of activity in smartphones and non-mobile hardware such as TVs, disk drives and microcontrollers. Each smartphone sold now contains, on average, 2.6 ARM-designed chips.

Seventeen new processor licensing deals were signed in Q2, including a new multi-year architecture license with Microsoft.

Eleven of these deals were for ARM's most advanced Cortex processors as used in Apple's A4 chip and Qualcomm's Snapdragon architecture. Three deals were signed for ARM's Mali GPU.

While noting consumer demand later in 2010 remains uncertain, ARM says it has a record order backlog, a robust opportunity pipeline and strong ongoing momentum.

"We are pleased to report strong underlying revenue and profit performance in the first half, in improved trading conditions compared with one year ago," said CEO Warren East.

"Major semiconductor vendors and consumer electronics companies are making long-term commitments to using ARM technology in their future products. Freescale, Microsoft and TSMC all recently announced adoption of ARM's latest technology which will further increase ARM's market penetration, and royalty potential, in a broadening range of end applications"

[source: ARM]
Contributing Editor

A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.

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