Cambridge-based processor designer ARM Holdings has reported a large jump in profits in the third quarter of the year.
The upturn in fortunes comes off the back of strong licensing performance, with ARM architectures powering many of the processors in today’s mobile devices, including Apple's iPad 2 and iPhone 4S.
The continued demand has enabled ARM to rake in £55.8 million in pre-tax profits, 44 per cent ahead of the figures from the same time last year and well ahead of market expectations. The company also grew its overall revenue, which was up 20 per cent to £120.2 million.
‘The third quarter of 2011 saw a continued high level of design activity with many new customers licensing ARM technology for the first time,
’ said CEO Warren East. ‘Demand for our technology has come from a broad range of applications, from sensors to computers.
In addition to processors for mobile phones, ARM has also seen a 50 per cent increase in shipments to non-mobile markets; a segment that includes TVs, remote controls and networking devices.
The company also revealed that it has signed 28 new processor licensing agreements in this quarter alone, creating a historically high order backlog, so the current run of good fortune isn’t likely to end anytime soon.
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