ARM raises revenue, profit in Q4, sees growth in 2009
February 03, 2009 //
Processor technology licensor ARM Holdings plc (Cambridge, England) was able to benefit from a one-quarter delay inherent in its way of recognizing IP revenue and turn in positive Q4 and full financial results. While acknowledging the Q4 downturn seen elsewhere ARM was positive about its own prospects in 2009.
The company's accounts are confusing because of the tradition of posting in both dollar and sterling with effective rates of exchange as well as posting normalized and U.S. GAAP results. At a time of exchange rate stability that would be difficult enough but with the wild swings exhibited recently it makes result reading even tougher.
In Q4 2008 ARM's revenues were $149.4 million, up 15 percent year-on-year. However in sterling terms they were 94.4 million, up 47 percent. Similarly the normalized profit before tax was 33.4 million (about $47 million) up 57 percent but the U.S. GAAP profit before tax was 23.6 million (about $33 million) up 105 percent.
But overall, compared with semiconductor companies that have almost universally been showing declining revenue and making losses these are positive results. So having generated 29.6 million (about $42 million) in the quarter ARM decided to increase the final dividend by 10 percent.
For the full year ARM announced revenue of 298.9 million (about $425 million) up 15 percent compared with 2007. The profit before tax was 100.8 million (about $143 million) on a normalized basis but only 64.8 million (about $92 million) on a U.S. GAAP basis.
Despite these exceptionally healthy financial results ARM had noticed that semiconductor industry slowed markedly in Q4 and commented that "the near-term outlook for the sector remains uncertain." While expressing confidence that intellectual property licensing is a good business ARM said that, unless business conditions deteriorate further than generally anticipated, the company expects dollar revenues for 2009 to be around $460 million, which would represent an 8 percent increase on 2008.All news
ADCs for high dynamic range – successive-approximation or sigma-delta?
September 01, 2014
Maithil Pachchigar, an applications engineer with Analog Devices Inc., looks at trade-offs that must be considered when choosing ...
Microchip in Pursuit of CSR
Samsung Funds III-V FinFETs in US Lab
A question of Europe
Trinamic's stepper motor package gets you started
Winged parcel delivery: Google's way
August 29, 2014
While there is still debate about if legislation would ever allow swarms of commercial drones to fly over our heads, Google ...
Two-inch Super AMOLED display fits Samsung smartwatch plans
UK armed forces consider lithium sulfur batteries
Small cell market to hit $4.8 billion in five years
- Power Modules: The New Super Power
- Flexible Performance for Network Security Appliances
- Digital Power Management Reduces Energy Costs While Improving System Performance
- Using RF Recording Techniques to Resolve Interference Problems
InterviewA question of Europe
Sir Peter Bonfield sits on the board and has advisory roles in many international companies and universities. With more than 45 years of experience in electronics, computers and communications, here he ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Trinamic Motion Control is offering you to win one of four TMCM-1043 development kits for its highly integrated, NEMA 17-compatible TMCM-1043 stepDancer stepper motor module.
Offering designers an easy-to-use PC-based GUI that allows one-click modification of motor drive current, micro-stepping and other key parameters, the intuitive kits are custom designed and developed for...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.