ARM Q2 Profit Rises, Sees FY Group Dollar Revenues In Line With Market View

(RTTNews) - ARM Holdings plc (ARMH, ARM.L) reported that IFRS profit before tax for the second quarter ended 30 June 2015 significantly increased 39 percent to 94.7 million pounds from 68.0 million pounds in the same quarter last year.

Profit for the quarter grew to 77.1 million pounds from the prior year's 55.5 million pounds, with earnings per share improving to 5.42 pence from 3.91 pence in the previous year.

Quarterly normalised earnings per share were 7.28 pence, compared to 5.43 pence last year.

Normalised profit before tax was 123.9 million pounds, compared to 94.2 million pounds in the year ago quarter.

Revenues for the quarter grew 22 percent to 228.5 million pounds from 187.1 million pounds in the previous year. Total dollar revenues improved 15 percent to $357.1 million from the prior year.

Looking ahead, ARM noted that it enters the second half of 2015 with a robust pipeline of opportunities for licensing. Assuming macroeconomic uncertainty does not further impact consumer spending, the company continues to expect overall Group dollar revenues for full year 2015 to be in-line with current market expectations.