ARM turns in increased sales, profits -

British company ARM turned in its first quarter results and said the figures showed a 50 percent increase in shipments of chips based on its designs into mobile devices.

It turned in revenues of $143.3 million and pre-tax profit of $37.6 million for the quarter, compared to revenues of $120.9 million and pre-tax profit of $23.9 million the year before.  Its operating margin was 40 percent for the quarter, compared to 23.9 percent in the same quarter last year.

It said it had granted four processor licences for mobile phone and computing applications and a "major semiconductor company" became the second lead licensee for "Eagle", the next iteration of its Cortex-A processor. The "major semiconductor company" isn't Intel.

ARM said that smartphone growth will continue, giving it more opportunities in the future as machines based on its technology become products.

Apart from its mobile business, ARM said it had increased its share in consumer electronics and embedded products, and successfully grew in the digital TV, disk drive and microcontroller market. Sales of those were up by over 80 percent, quarter on quarter, year on year.

It signed up 13 licensees for a number of apps including intelligent sensors, smart energy meters and solid state drives.

Warren East - pictured above, not full size - who is  ARM's CEO, said: "Shipments of ARM based chips increased more than 50 percent 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.