Posted on Wednesday, February 02 2011 @ 1:21 CET by Thomas De Maesschalck
Hexus
reports chip designer ARM saw its net income soar by 73 percent in 2010:
For the quarter, ARM's revenues were up 34 percent year-on-year, profit was up 47 percent and EPS was up 62 percent. For the full year earnings were up 33 percent, but profits jumped a massive 73 percent, and that's in spite of ARM increasing its head-count by almost ten percent to 1,889 over the course of the year.
"ARM continues to sign licenses with influential market leaders in an increasingly digital world, and as the industry chooses ARM technology in a broadening range of electronic products, it further drives our long-term royalty opportunity," said CEO Warren East.
"The growth in licensing and royalty revenues, throughout 2010, has combined to deliver our highest ever annual revenues, profits and cash generation. 2011 will bring exciting opportunities and challenges as ARM enters competitive new markets and we are well positioned to succeed with leading technology, an innovative business model and a thriving ecosystem of partners."
