It seems that the British chip designer ARM has done a lot better than the cocaine nose-jobs of Wall Street have predicted.
ARM posted a 25 percent rise in fourth-quarter profit, ahead of expectations, helped by a strong year end in companies licensing its technology and growing royalty revenues.
The Tame Apple press claims that the ARM success has all been down to Apple’s iPhone 6, although ARM powers most of the world’s smartphones.
ARM reported pre-tax profit of 118.9 million pounds on revenue of 225.9 million pounds, up 19 percent.
Licensing revenue was up 27 per cent on the year mainly based on 53 licences signed for processors.
“We anticipate that total group dollar revenues for Q1 will be up about 10 percent year on year, based on strengthening royalty revenue growth, and our expectation of the profile of license revenue through the year,” the company said.
Analysts were predicting pre-tax profit of £113 million, according to a consensus compiled by Thomson Reuters.
