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Interim Results

ARM Holdings revenue rises

27 July 2016 07:49

ARM Holdings said group revenues in the US dollar were up 9% year-on-year (Revenues in Sterling were up 17%)

Q2 2016 FINANCIAL SUMMARY

- Processor licensing revenues in $ up 14% year-on-year (£ revenues up 24%)

- Processor royalty revenues in $ up 11% year-on-year, outperforming the industry by 14 pp1 (£ revenues up 19%)

- Normalised operating expenses of £130.7 million at the lower end of the guided range of £130-133 million

- Normalised PBT up 5% year-on-year (IFRS up 1%). Normalised EPS up 18% (IFRS up 17%)

- Interim dividend increased by 20%

- Acquired Apical, a global leader in imaging and embedded computer vision

- Announcement of a strategic partnership with the Chinese private equity firm HOPU Investment Management, launching an industry fund focused on the Internet of Things, smart devices, big data and cloud computing

PROGRESS OF LONG-TERM GROWTH DRIVERS IN Q2 2016

- Growth in adoption of ARM processor technology

- 25 processor licences signed by a broad range of major technology companies

- Major strategic design wins announced with leading organisations including NASA for embedded computing, and Fujitsu and RIKEN for high-performance supercomputing

- Strong demand for ARM's most advanced technology

- Five licences signed for ARM Cortex-A technology for high-performance and high-efficiency apps processors

- Architecture licence signed with Guizhou Huaxintong Semiconductor, the joint venture between Qualcomm and Guizhou Province that will develop advanced server chipsets for the Chinese market

- Physical IP platform licence signed for 10nm technology

- Growth in shipments of chips based on ARM technology

- 3.6 billion ARM-based chips shipped, up 9% year-on-year

- Rising penetration of advanced technologies such as Mali and octa core in mobile and consumer devices

OUTLOOK

Given the restrictions placed on forward-looking statements as a result of the recommended offer by SoftBank for ARM, it is not appropriate to provide the usual full-year 2016 revenue guidance.

Story provided by StockMarketWire.com

Related Company: ARM

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