LONDON ARM Holdings plc announced it made a net profit of £9.3 million (about $17.7 million at $1.9 equals £1) on revenues of £64.8 million (about $123.2 million at $1.9 equals £1) in its third quarter ended Sept. 30.
Sales for ARM (Cambridge, England) were up by about 14 percent compared with the same quarter a year before and net profit was flat.
Commenting on the third quarter, Warren East, chief executive officer of ARM said: "Having reported a strong second quarter in July, we are pleased to have achieved record dollar revenues, up 20 percent year-on-year, in the third quarter. We continue to execute well on licensing across the business with three more Cortex family licenses and three more 65-nm physical IP licenses being signed in the quarter. Additionally early in Q4, the Physical IP division completed the licensing of leading-edge 45-nm technology to IBM, Samsung and Chartered, representing a further significant milestone towards our longer term goal of licensing our Physical IP products on the most advanced processes to the wider semiconductor industry. With licensing and royalties performing well, we are confident of achieving a solid Q4 in line with current market expectations."