On the back of strong processor intellectual property (IP) sales, for the last year ARM reported its "largest growth in revenues for the last few years," said senior vice president of sales and marketing Pete Magowan.
Revenues climbed 62% to £100.7m and turned in pretax profits of £35.4m, up from £18.9m in 1999.
For the year, royalties from IP sales accounted for 25% of the company's sales, and reached 27% in the year's last quarter, said chief operating officer Jamie Urquhart.
Although the slowdown in handset sales would have some impact on royalties — close to half of the company's business is in wireless — Magowan said the current estimates of shipments through next year would only have a 1% impact on revenues.
Urquhart said sales of development systems were still strong but said the impact of an economic slowdown would have an uncertain impact on future IP sales. A slowdown might reduce the number of design starts but "during these times there is often a need to offload investment," he added.