Driven by the increasing demand for microchip designs
UK based semiconductor and software design company ARM Holdings has reported 28% increase in revenue for the first quarter of 2013 to £170.3m from £132.5m it reported during the same period prior year.
The company recorded 25% rise in mobile chip shipments while the embedded shipments increased by 50% compared to the same period last year.
In the first quarter of 2013, company's pretax profit grew 44% to £89.4m from £61.9m in 2012. .
The adjusted EPS for the quarter increased 58% to 5.31pence from 3.36 pence in the same period last year.
For the quarter, the total IFRS operating expenses of the company were £95.2m that increased from the £76.2m recorded during first quarter of 2012.
During the period, the company signed 22 processor licenses in different markets including smartphones, mobile computing, digital television and other technology.
The company has reported 35% increase in shipments of ARM-based chips to 2.6 billion units compared to corresponding period last year.
ARM Holdings chief executive officer Warren East said the company has reported strong revenue and earnings growth, driven by robust licensing and royalty revenue.
"In particular, this quarter ARM saw strong uptake of its next generation, higher royalty bearing ARMv8, Mali and big.LITTLE technology for smartphones and mobile computers," East said.
"ARM's royalty revenues again outpaced the wider semiconductor industry. This outperformance has been driven by market share gains in key end markets including digital TVs and microcontrollers.
"In addition, the growth in smartphones and tablets continues to benefit ARM. Even low cost smart devices can contain multiple ARM-based chips and be based on ARM's advanced Cortex-A series technology and Mali graphics processors."
