UK-based microprocessor business ARM Holdings has published its quarterly results for the period ended 31st March 2012. Revenue was up 14% year-on-year to £132.5 million, while pre-tax profit was up 22% to £61.9 million. Around 1.1 billion of its chips were shipped into mobile phones and mobile computers during Q1 2012, similar to a year ago, with 57% of all ARM chips going into mobile devices.
Warren East, ARM’s Chief Executive Officer, said “As many aspects of our lives become digital, we continue to see an increase in the demand for ARM’s smarter and lower power technology, which is driving both our licensing and royalty revenues. In the first quarter of 2012 we saw continuing demand for technology licenses driven by a remarkable variety of end markets from highly efficient servers to energy-sipping sensors. ARM’s royalty revenues continued to outperform the overall semiconductor industry as our customers launch their products into new markets and gain market share within existing markets. With more customers choosing to deploy ARM technology in their products, this has been another quarter that underpins the long-term growth opportunity of the business. This growth enables us to invest in future innovative technology as well as delivering increases in profit and cash flow.”
[Financial results (pdf)]