Shot in the ARM
Results are shiny, happy
Increased licensing revenue allowed UK chip designer ARM to post an upbeat third quarter results scorecard today.
Quarter-on-quarter revenue growth from Q2 was up four per cent (representing a 42 per cent rise from Q3 2000 to £37.6 million. This brought profit (before tax) to £12.9 million, which is up 46 per cent from Q3 2000.
The company signed up a bundle of new licensing deals in the quarter, allowing it to post results from that sector of its business that doubled up on last year's numbers. Its customers and partners include Intel, Texas Instruments, Qualcomm and Symbian.
Royalty figures remained static from the previous quarter and down 12 per cent on last year, while consultancy revenues dropped to £4.1 million (from £5.1 million) as well.
ARM provides RISC processors that end up inside a wide array of products ranging from PDAs to car navigation systems. ®