ARM Holdings Q3 Profit Rises - Quick Facts

(RTTNews) - Chipmaker ARM Holdings Plc (ARMH, ARM.L) posted higher IFRS pre-tax profit of 68.3 million pounds in the 2013 third quarter, compared with last year's 55.3 million pounds, with normalized pre-tax profit climbing 36% year-on-year to 92.6 million pounds, from 68.1 million pounds.

For the latest quarter, earnings per share totaled 3.44 pence or 16.72 cents per ADS, higher than 2.96 pence, or 14.35 cents per ADS reported a year before. Also, normalised per share earnings increased to 5.11 pence, or 24.84 cents per ADS, from the previous-year figure of 3.71 pence, or 17.96 cents per ADS.

On a normalized basis, quarterly total dollar Group revenues were $286.7 million, a 26% increase, versus the prior year's $227.9 million, and sterling revenues of 184.0 million pounds were up 27% year-over-year.

In the third quarter, ARM Holdings saw strong demand for its processor technology with a record 48 licenses signed by 24 companies, 11 of whom were licensing ARM technology for the first time.

Assuming the macroeconomic situation does not deteriorate significantly in the rest of the quarter, the company expects fourth-quarter group dollar revenues to be in-line with current market view of around $290 million.