ARM has just announced its first quarter fiscal results for 2012, and the numbers are looking good, with an increase in revenue which outdid analyst expectations.
The headline result was the revenue of £132.5 million, which was up 14 per cent on the first quarter of 2011, when the company took £116 million.
ARM's operating margin was 44.5 per cent, with profit before tax hitting £61.9 million (up 22 per cent year-on-year, from £50.7 million). Earnings per share were 3.36 pence, up 23 per cent year-on-year.
CEO Warren East commented: "As many aspects of our lives become digital, we continue to see an increase in the demand for ARM's smarter and lower power technology, which is driving both our licensing and royalty revenues."
"In the first quarter of 2012 we saw continuing demand for technology licenses driven by a remarkable variety of end markets from highly efficient servers to energy-sipping sensors. ARM's royalty revenues continued to outperform the overall semiconductor industry as our customers launch their products into new markets and gain market share within existing markets."
"With more customers choosing to deploy ARM technology in their products, this has been another quarter that underpins the long-term growth opportunity of the business. This growth enables us to invest in future innovative technology as well as delivering increases in profit and cash flow."
The firm pointed to the growth in adoption of ARM technology - with 22 processor licenses signed in Q1 - and a growth in outsourcing new technology.