February 5, 2013

ARM Q4 Beats Forecast, Profit Up By 16 Percent

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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