ARM’s Quarterly results look impressive

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The share price of the ARM increased by nearly 43% in 2010 and has never been so high since the year 2002. Pre-tax profits rose from 23.9 million pounds to 37.6 million pounds – nearly 57% increase compared to last year. CEO of ARM Holdings was on the cloud nine when he talked about the progress of the company,

“Shipments of ARM-based chips reported in Q1 increased more than 50% compared with a year ago, driven by strong growth from smarter mobile devices, digital TVs, disk drives and microcontrollers, and leading to record royalty revenues. Combined with on-going financial discipline, this has given rise to year-on-year earnings growth of 49% and record levels of net cash generation“.

[via armnews]

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