ARM has reported a 26% jump in sales revenues in the first quarter as sales of chips based on its processor technology increased.
Shipments of ARM-processor based chips increased 33% on the same period last year driven by growth in smartphones, tablets, digital TVs and microcontrollers,” said Warren East, ARM CEO.
In the quarter ended March 31 2011, the Cambridge-based processor company saw pre-tax profit increase by 35% to £50.8m.
This was on sales reveues of £116m.
Licensing activity continued with the company signing 39 new licences in the quarter.
“Many companies which have been ARM licensees for many years, and are now deploying ARM technology across a multitude of applications; in mobile, consumer electronics and embedded devices,” said East.
Highlights were broad-based subscription licences signed with Broadcom and LG Electronics.
“This licensing drives ARM’s long-term royalty opportunity,” said East.
Over a billion ARM-processor based chips were shipped into mobile devices, including smartphones and tablets.
While 0.7 billion ARM-processor based chips shipped into non-mobile applications, including digital TVs, disk drives and microcontrollers.
Despite what it called “uncertainty as to the economic impact of the Japanese earthquake on the semiconductor industry supply chain and end-product markets”, ARM said it expects group dollar revenues for the full-year 2011 will be at least in line with current market expectations.