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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Arm Holdings, Plc ADS (MM) | NASDAQ:ARMHY | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 5.22 | 0 | 01:00:00 |
ARM HOLDINGS PLC REPORTS RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2010 A presentation of the results will be webcast today at 09:30 BST at www.arm.com/ir CAMBRIDGE, UK, 27 July 2010-ARM Holdings plc announces its unaudited financial results for the second quarter and half year ended 30 June 2010, demonstrating continuing progress in executing its strategy with multiple design wins taking ARM further into new markets. Q2 2010 - Financial Summary Normalised* IFRS Q2 Q2 % Q2 Q2 2010 2009 Change 2010 2009 Revenue ($m) + 150.3 105.5 42% 150.3 105.5 Revenue (GBPm) + 100.0 64.8 54% 100.0 64.8 Operating margin 42.7% 24.7% 28.9% 9.4% Profit before tax (GBPm) 43.5 16.3 167% 29.6 6.4 Earnings per share (pence) 2.34 0.95 146% 1.62 0.50 Net cash generation** 30.4 11.9 Effective revenue fx rate ($/ 1.50 1.63 GBP) + Q2 2010 revenues and PBT include catch-up PD royalty revenues of $9.0m (GBP6.2m) Progress against strategy in Q2 . Growth in mobile applications - ARM opportunity increases as smartphone growth continues and ARM technology-based mobile computers begin to come to market o Average of 2.6 ARMĀ®-processor based chips per mobile phone o 4 processor licenses signed for mobile phone and computing applications o Major semiconductor company becomes the third lead-licensee for the"Eagle" Cortex-A™class processor . Growth beyond mobile - Increased share in target markets such as consumer electronics and embedded products o Strong year-on-year growth for shipments of ARM-based chips into digital TVs, disk drives and microcontrollers o 13 processor licenses signed for a broad range of applications including intelligent sensors, networking, smart energy meters and solid state drives o Leading microcontroller company, Freescale, announced their first major family of ARM-based microcontrollers . Growth in new technology outsourcing o 3 licenses for royalty-bearing platforms of physical IP at both advanced nodes and mature nodes o TSMC licenses physical IP for 28nm and 20nm early in Q3 o 3 companies further their commitment to Mali™, ARM's graphics processor . Microsoft signed a multi-year architecture license to be at the forefront of working with ARM technology, across a broad range of businesses, addressing multiple application areas . Interim dividend increased by 20% Warren East, Chief Executive Officer, said:"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. Major semiconductor vendors and consumer electronics companies are making long-term commitments to using ARM technology in their future products. Freescale, Microsoft and TSMC all recently announced adoption of ARM's latest technology which will further increase ARM's market penetration, and royalty potential, in a broadening range of end applications. ARM continued to gain share in the quarter with shipments of ARM-based chips growing faster than the industry in all target markets." Outlook We enter the second half of the year with record order backlog, a robust opportunity pipeline and strong momentum as ARM continues to increase penetration across its target markets. Although the impact of the broader macroeconomic environment on end consumer demand later in the year remains uncertain, we expect group dollar revenues (excluding catch-up PD royalty revenues of $9 million reported in Q2) for the full-year 2010 to be in line with current market expectations. To view the full text of this press release, paste the following link into your web browser: http://www.rns-pdf.londonstockexchange.com/rns/9574P_1-2010-7-26.pdf This information is provided by RNS The company news service from the London Stock Exchange END
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