Feeds

ARM doesn't lose self and leg

But Q2 profits slump 26%

Secure remote control for conventional and virtual desktops

Chip designer ARM Holdings has posted declining profits and revenues for the second quarter of 2009. But its outlook for the coming year is, yes, cautiously optimistic.

The Cambridge company - whose chip blueprints are used in Apple's iPhone - saw an 18 per cent year-on-year drop in revenues and a 26 per cent profit drop.

Despite the continued slumping profit, the fact that ARM didn't lose itself and a leg in Q2 seems to have provided the company with some comfort. Chief executive Warren East said in a statement that while ARM dollar revenue declined 14 per cent during the first half of the year, overall industry revenues declined 30 per cent.

ARM's second quarter spans from April to June, and it has a royalty revenue stream that generally lags the semiconductor sector by a quarter.

During Q2, the company made a net profit of £6.4m ($10.4m) compared to £12.2m ($20m) in the same quarter of 2008.

Sterling revenues of £64.8m during Q2 were down slightly from £65 the previous year due to the strengthening of the dollar. Total dollar revenues in Q2 2009 were $105.5m, down 18 per cent year-over-year.

ARM may see an upturn on the horizon, but it's hesitant to be overly bullish. "With recent signs of increasing industry activity we expect that ARM's trading performance will be on an improving trend in the second half of the year," East said in a statement.

The company adds: "Although the trajectory of the end-consumer demand remains unclear, prospects for the semiconductor industry in the second half are more positive." ARM said it expects its dollar revenue for the full year to at least be in line with current market expectations - "unless industry conditions in the second half are more challenging than is generally anticipated." ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?