ARM shows huge revenue boost
British firm's profits jump by 91 per cent
Magic Quadrant for Enterprise Backup/Recovery
ARM Holdings has just released its financial results for Q1, ending 31st of March last. And it’s good news. Revenues rose 51 per cent compared to the same period last year to stand at £13.1 million. Pre-tax profits, however, shot up by 91 per cent to stand at £3.2 million. With British understatement, Robin Saxby, chairman of ARM, said: "1999 has started well." Much of the growth is down to companies like 3Com, Ericcson and Nokia using the technology. Intel’s contribution has also helped. Saxby said there will be a conference in May when ARM will present architectural extensions for DSP applications. ®
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