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ARM sees profit surge 23 percent, tests forecasters' patience ARM sees profit surge 23 percent, tests forecasters' patience
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ARM sees profit surge 23 percent, tests forecasters' patience
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Old 26th July 2012, 08:19   #1
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Default ARM sees profit surge 23 percent, tests forecasters' patience

Just when financial boffins expected ARM's consistent double-digit growth to slow-down, the company has beaten their projections with a 23 percent rise in pre-tax profit compared to Q2 of last year. It made 66.5 million ($103 million) in profit from 135.5 million ($213 million) in revenue from its numerous mobile and low-power processor design licensees. Analysts expected lower performance for the simple reason that the world's biggest chip-makers have warned of tougher "macroeconomic" times ahead -- rival Intel has been careful to dampen people's hopes for its next quarter, for example, and Qualcomm (a major ARM customer) has also reduced its forecasts. Still, it's all just different shades of rolling in it.
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