Demand sees ARM lengthen profits
The Cambridge-based company reported a 44 per cent jump in adjusted pre-tax profit of £89.4m ($136.3m), beating analysts’ forecasts of £77.6m. Revenue rose 28 per cent to £170.3m.
ARM, which licenses its designs to chip-makers like Samsung and Qualcomm, collects most of its revenue in the dollar, which has strengthened by about seven per cent against the pound since the start of 2013.
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Hide AdARM has also been growing faster than the semi-conductor sector thanks to its dominance in smartphones and tablets, like Samsung’s Galaxy S4 and Apple’s iPad, and wider use of its low-energy processors in microcontrollers.
“The growth in smartphones and tablets continues to benefit ARM,” chief executive Warren East said.
ARM employs around 60 staff at its base in Sheffield.