ARM Holdings Q1 Pre-tax Profit, Revenue Rise - Quick Facts

(RTTNews) - Chipmaker ARM Holdings (ARM.L, ARMH) Tuesday said first-quarter normalised profit before tax was 120.5 million pounds, compared to 97.1 million pounds last year.

After including acquisition-related and share-based payment costs, intangible amortisation, profit on disposal of investments and share of results of joint ventures, IFRS profit before tax rose to 103.4 million pounds from last year's 78.0 million pounds.

IFRS earnings per share were 6.0 pence or 26.7 cents per ADS, compared to 4.4 pence or 22.0 cents per ADS in the previous year.

Sterling revenues increased 22 percent to 227.5 million pounds from 186.7 million pounds. Total dollar revenues climbed 14 percent to $348.2 million.

Assuming that the macroeconomic backdrop remains supportive of consumer spending, the firm expects group dollar revenues for 2015 to be at least in line with current market expectations.