CAMBRIDGE, England -- RISC processor technology supplier ARM Holdings plc today posted an 11% sequential gain in revenues to £36.0 million ($25.7 million) compared to £32.5 million ($23.2 million) in Q1 this year.
ARM's net income for the second quarter totaled £8.3 million ($5.9 million) vs. £6.2 ($4.4 million) in the first quarter. ARM's revenues were 56% higher in Q2 than £23.1 million ($16.5 million) in the period last year, when the company posted a net income of ٤.7 million ($4.8 million).
"The level of licensing activity this year has been 46% higher than last year," said Warren East, chief operating officer at ARM. He credited part of the growth to ARM's Jazelle-enabled microprocessor cores and the increase of pay-per-use licensing agreements.
But the semiconductor downturn has lowered ARM royalties from the first quarter. ARM royalty revenues were 23% sequentially lower at £6.4 million vs. £8.3 million.
"However, this has been offset by higher sales from licensing, consulting services and development systems resulting in continued growth in overall revenues for the quarter," said Robin Saxby, chairman and chief executive officer at the Cambridge company.