14 DAY TRIAL // Companies have been releasing their financial reports left and right over the past month, what with the first quarter of the year over and done with, and it looks like ARM has more reasons to brag than many.
Being April, this was the month when pretty much every company out there provided the press with a tally of their gains and losses during the first quarter of 2011.
As one would expect, some fared well, other performed less than magnificently, affected, to different extents, by shifting demand, shortages, pricing evolution and whatnot.
Intel is one of, if not the best example of a company going through good times, and this might be putting it mildly.
More specifically, the outfit saw its best quarter ever (again), contrasting with AMD, whose own performance was not nearly as grand, although it still managed to profit somewhat.
Apparently, ARM has some bragging of its own to do, now that its own finances proved to have evolved in a very positive direction.
As revealed in its press release, revenue reached $191 million, enabling a net profit of $35.5 million, although unfortunate currency exchange rates reduced the second sum to $20.3 million.
Regardless, the outfit reaped a lot from licensing deals, what with about 1.85 billion ARM-licensed chips estimated to have been created worldwide.
Meanwhile, smartphone market demand has been growing and tablets also took off, so ARM licenses will just get more widespread.
All in all, by year's end, ARM may become a $1 billion company if it succeeds in selling over 8 billion processors.
“We are pleased to report strong underlying revenue and profit performance in the first half, in improved trading conditions compared with one year ago. Our strategy remains on track for growth in mobile, non-mobile and new technology outsourcing,” said Warren East, Chief Executive Officer.
Major semiconductor vendors and consumer electronics companies are making long-term commitments to using ARM technology in their future products. […] ARM continued to gain share in the quarter with shipments of ARM-based chips growing faster than the industry in all target markets."