Oct 23, 2012

ARM posts healthy Q3 profits: up 22 percent thanks to smart TVs and other growing markets

ARM posts healthy Q3 profits: up 22 percent thanks to smart TVs and other growing markets

British chip designer ARM has just revealed its accounts for Q3 2012 and they show a familiar pattern: namely, a double-digit rise in both revenue (up 20 percent to £144.6 million, or around $230 million) and pre-tax earnings (up 22 percent to £68.1 million). According to Reuters, the company is attributing its latest bout of success to making "further inroads" into growing markets like smart TVs and microcontrollers.

Engadget , ARM posts healthy Q3 profits: up 22 percent thanks to smart TVs and other growing markets, ARM posts healthy Q3 profits: up 22 percent thanks to smart TVs and other growing markets

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