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To: The Ox who wrote (57976)	10/23/2012 10:20:59 AM
From: The Ox	2 Recommendations Respond to of 95611

ARM Q3 Profit, Revenue Rise (RTTNews.com) - Chipmaker ARM Holdings Plc. (ARMH, ARM.L) Tuesday reported higher profit for the third quarter, on strong double-digit revenue growth and said it expects group dollar revenues for the fourth quarter in-line with market expectations. The company said it is entering the final quarter with record order backlog. On an IFRS basis, profit before tax advanced to 55.3 million pounds from 43.0 million pounds. Normalized pre-tax profit, which are adjusted for some items, was 68.1 million pounds, while it totaled 55.7 million pounds last year. Profit for the period was 41.3 million pounds, up from last year's 31.4 million pounds. Revenue climbed to 144.6 million pounds from 120.2 million pounds. Dollar revenue advanced to $227.9 million from $192.3 million. Total PD revenues in the quarter climbed 23 percent to $176.5 million with a 17 percent increase in licensing revenues and a 27 percent increase in revenue from Royalties. Royalties are recognised one quarter in arrears. Thus, royalties in the third quarter are generated from semiconductor unit shipments in the previous quarter. ARM said 29 processor licenses were signed in the third quarter. Mobile shipments grew 6 percent year-on-year, faster than the handset market. The company said it is seeing increased demand for its high performance and low power technology, amid an ''ever more connected world of mobile computing, cloud-based networks and the Internet-of-Things.'' Group order backlog at the end of the quarter rose 6 percent sequentially to touch its highest ever level. Warren East, CEO, said, " ARM has delivered another quarter of strong revenue and earnings growth. As we move into an ever more connected world of mobile computing, cloud-based networks and the Internet-of-Things, ARM is seeing increased demand for its high performance and low power technology.'' ARM said it is entering the final quarter with record order backlog and a robust opportunity pipeline, pointing to another strong quarter for licensing revenue. ARM's fourth-quarter royalty revenue is generated from third quarter chip shipments. Data from customers suggests a moderate sequential increase in royalty revenue in the fourth quarter. Thus, ARM expects group dollar revenues for the fourth quarter to be in-line with current market expectations. The stock is up 1.8 percent in early morning trade at 605.00 pence. For comments and feedback: contact editorial@rttnews.com