ARM has outperformed estimates for the second quarter, increasing revenue by 18 per cent as its chips continue to be embedded in everything from mobile phones to washing machines.
More than a billion chips, based on licensed ARM designs, shipped during the second quarter of 2011. That pushed the company’s pre-tax profits up to £54.2m on revenue of £117.8m, well above analysts’ estimates of £45.3m. But the company is still cautious about the rest of the year, with its own predictions for the whole of 2011 unchanged.
ARM chips form the heart of just about every telephone, landline or mobile, from the latest iPhone to the bargain-basement handsets. AR
Indeed, ARM spokesperson Antonio Viana told TG Daily that he viewed the agreement as an affirmation, or “extension” of the robust 14-year relationship between the two companies.