The PC market may be sliding, and economic conditions may be less than perfect for those within the technology industry, but this hasn't stopped the British darling of the chip-making world from producing a healthy balance statement for the the quarter ending December 31, 2012.
The Cambridge-based company announced healthy fourth quarter sales and profits -- which were higher than expected -- and claimed that the growth in the adoption of ARM technology and increased royalty payments were crucial for this result.
ARM said it generated a pre-tax profit of 80 million ($126m) on revenue of 164.2 million ($262.8m), in comparison to pre-tax profits of 69 million ($108m) on revenue of 137.8 million ($217m) in Q4 2012. This is a 16 percent increase from the same quarter a year ago.
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