British chip designer ARM announced a third-quarter revenue of £120.2 million and pre-tax profits of £55.8 million. Revenue is up 20 percent year-over-year while profits rose a whopping 44 percent.
'The third quarter of 2011 saw a continued high level of design activity with many new customers licensing ARM technology for the first time,’ said CEO Warren East. ‘Demand for our technology has come from a broad range of applications, from sensors to computers.’
In addition to processors for mobile phones, ARM has also seen a 50 per cent increase in shipments to non-mobile markets; a segment that includes TVs, remote controls and networking devices.
The company also revealed that it has signed 28 new processor licensing agreements in this quarter alone, creating a historically high order backlog, so the current run of good fortune isn’t likely to end anytime soon.