ARM doubles Q3 profit, sees surge in revenue, is understandably pleased

The scoop just keeps getting better and better for ARM Holdings. Today, the chip designer reported third quarter net profits of £31.5 million ($50.4 million), greater than double the £14.8 million it reported during Q3 2010. Revenue, meanwhile, rose to $192.3 million — a 22 percent increase over the former year, and a touch higher figure than previously expected. In a press release, chief executive Warren East attributed these results to a “continued high level of design activity, with many new customers licensing ARM technology for the primary time, driven by end-market requirements for smarter, low-power chips.” Indeed, a complete of 1 billion ARM mobile chips were shipped this quarter (up ten percent from last year), and the corporate expects to rake in about $763 million in total revenue, by the top of 2011. Find figures and facts galore, on the source link below.