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Technology Stocks : ARM Holdings (Advanced RISC Machines) plc.
ARMH 67.770.0%Sep 6 5:00 PM EST

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To: mrc who wrote (349)1/31/2000 7:48:00 AM
From: jackmore   of 912
 
ARM Holdings Plc Preliminary Results For The Year Ended December 31, 1999
ARM Holdings plc announces 47% growth in revenues and 91% increase in pre-tax profit


CAMBRIDGE, UK, 31 January, 2000 ?ARM Holdings plc [(LSE: ARM); (Nasdaq: ARMHY)] announces its financial results for the fourth quarter and the year ended 31 December 1999.

FINANCIAL HIGHLIGHTS (US GAAP)
Year ended December 31, 1999
Revenues up 47% to œ62.1 million (1998: œ42.3 million)
Profit before taxation up 91% to œ18.0 million (1998: œ9.4 million)
Unit shipments more than trebled (51 million units in 1998 to an estimated 175 million units in 1999)
Earnings per fully diluted share more than doubled to 8.0 pence (38.5 cents per ADS*) (1998: 3.8 pence and 18.4 cents respectively, pro forma) (1) (2)

Fourth quarter ended December 31, 1999
Revenues up 52% to œ18.9 million (1997: œ12.5 million)
Profit before taxation up 119% to œ6.6 million (1998: œ3.0 million)
Earnings per fully diluted share 4.3 pence (20.8 cents per ADS*) 1998: 0.9 pence and 4.5 cents respectively (1)
(1) After the inclusion of non-cash compensation costs relating to stock options granted from March 1997 to March 1998 of 0.1 pence per quarter per fully diluted share (0.4 cents per ADS*). Establishment of a Qualifying Employee Share Ownership Trust (QUEST) in the fourth quarter also resulted in a tax saving of œ4.4 million and an increase of 2.1 pence in earnings per fully diluted share (10.3 cents per ADS*) in both the fourth quarter and year.
(2) Earnings per share comparatives for 1998 are a proforma calculation to include the anti-dilutive effect of preference shares and a related one-off dividend. Diluted EPS excluding these anti-dilutive preference shares would have been 1.9 pence for the year to 31 December 1998.

* Each American Depositary Share (ADS) represents three shares

arm.com
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