British chip shop ARM, which designs and licenses microprocessors for just about every mobile gadget on the planet, has announced healthy profits for the second quarter of 2011.
The company's financial report shows that the outfit, which designs chips for Apple's iPhone iPad and iPod - as well as for Freescale, Nvidia, Samsung and Qualcomm among many others - said its Q2 revenues had increased year on year from £100 million in 2010 to £117.8 million in the same period of 2011, a jump of 18 per cent.
Pre-tax profits rose from £43.5 million to £54.2 million, an increase of 25 per cent boosting per-share earnings by 27 per cent from 2.34p to 2.98p.
The Cambridge-based company also said it had signed 29 processor licensees across a broad range of target markets, including nine for the Cortex A series and 12 for the Cortex N series chips.
It also reported that 1.1 billion mobile phones using ARM processors had been shipped alongside 0.8 billion built into other gadgets.
"In the first half of 2011, we have seen strong license revenues driven by an increase in design activity around ARM technology across a broad range of end applications," said CEO Warren East. "Major semiconductor vendors and consumer electronics companies are making long-term commitments to using ARM technology in their future product developments, underpinning growth in ARM’s long-term royalty revenues.
"As the addressable market for ARM technology grows, we continue to invest in the development of innovative technology, whilst simultaneously increasing revenues, profits and cash."
The company said it was entering the second half of 2011 with "a healthy order backlog and a robust opportunity pipeline," and expected to deliver more strong performance in license revenues.
As for the future, ARM says that its relationship with Microsoft is growing in strength with the software giant currently working on Windows 8 for ARM based on low-power SoCs from Nvidia, Texas Instruments and Qualcomm as well as demonstrating Internet Explorer 10 running on ARM-designed chips.
Google has also announced that its Chrome browser will soon play nicely with ARM architecture and many other companies including Acer, Asus, Compal and ViewSonic were developing mobile computing applications based on the Cortex A9 designs.
Panasonic has also just released a new Cortex A-series SoC for use in Internet-equipped TVs.