ARM sees earnings surge 23 percent, tests forecasters' patience

Just when financial boffins expected ARM's consistent double-digit growth to slow-down, the company has beaten their projections with a 23 percent rise in pre-tax profit. It made £66.5 million ($103 million) in profit from £129.8 million in revenue from its numerous mobile and low-power processor design licensees. Analysts expected worse performance for the simple reason that the world's biggest chip-makers have warned of tougher times ahead -- rival Intel has been careful to dampen people's hopes for its next quarter, for example, and Qualcomm (a major ARM customer) has also reduced its forecasts.

Filed under: Cellphones, Tablet PCs

ARM sees earnings surge 23 percent, tests forecasters' patience originally appeared on Engadget on Wed, 25 Jul 2012 02:48:00 EDT. Please see our terms for use of feeds.