ARM earns arm and a leg
Fifty per cent rev boost, 79 per cent profit boost
UK company ARM Holdings, which is also listed on Nasdaq, turned in its interim six months results this morning, and showed strong revenue and profit growth. Compared to the same period last year, revemues rose by 48 per cent to £27.5 million, while pre-tax profits rose 79 per cent to £7 million. The company also broke out its second quarter figures, which showed a similar trend, with pre-tax profit rising 70 per cent to £3.8 million, compared to £2.3 million this time last year. Robin Saxby, the company's chairman and CEO, said the ARM marchitecture was gaining increased acceptance across a broad range of applications. He said the rest of the year looked solid, too. COO Jamie Urquhart said that in the second half of this year, the company will launch prototypes of its ARM10T chip to extend the marchitecture. ARM now has 34 partners, the company said. ®
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