Feeds

ARM doesn't lose self and leg

But Q2 profits slump 26%

Top 5 reasons to deploy VMware with Tegile

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." ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.