ARM scores with licensing deals
Q2 profits leap 23% to £8.3m
ARM's Q2 profits have jumped 23 per cent to £8.3 million; up from the £6.7 million it scored a year earlier.
Sales climbed 56 per cent to £36 million, from 23.1 million for the same period last year.
Customers licensing ARM's chip technology is the root of its strong results at a time when other semiconductor operations are finding it tough.
Revenue from licenses brought in £18.5 million - 51 per cent of total sales. Eight existing customers bought upgraded chip designs, and seven new customers signed up.
Chief financial officer Jonathan Brooks said: "With the forward visibility we get from our licensing business model, we remain confident about the outlook for our business for the remainder of the year." ®