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ARM net profits jump 16%
Customers re-sign for chip designs
ARM has enjoyed a 16 per cent Q1 net profit jump to £7.73 million.
A year earlier it made £6.67 million, and the growth is down to selling new licences to existing customers.
Turnover leaped by 52 per cent to £32.5 million, from £21.4 million.
ARM's chip designs are used in 80 per cent of mobile phones. It makes 43 per cent of its revenues from licensing chip designs. Texas Instruments, Intel and STMicroelectronics are customers. ®