UK chip maker ARM saw pre-tax profits grow 22%toGBP68m in its third quarter,compared with the same period last year.
The company's sales grew 20%toGBP144.6m.Processor royalty revenue also increased 27%year-on-year.
ARM CEO Warren East(pictured)said mobile computing,cloud-based networks and a move towards the"internet of things"meant ARM was seeing an increased demand for its high-performance and low-power technology.
"This demand is helping to drive ARM's licensing revenues,and this quarter we saw market leaders license ARM's advanced processor technology for next-generation super-smartphones,tablets and mobile and embedded computing applications,"he said.
ARM said it would enter the final quarter of 2012 with a record order backlog.
"Data from our customers suggests a moderate sequential increase in ARM's royalty revenue in the fourth quarter.We therefore expect group dollar revenues for the fourth quarter to be in line with current market expectations,"said a company statement.
East told Computer Weekly earlier this year that ARM currently has around 30%of the embedded microprocessor market,with that percentage having increased incrementally every year.
"We do not want to set any goals,but to accrue close to 50%of that market[by 2016]would not be unrealistic,"he said.
