Wednesday, July 25, 2012

Microchip Giant ARM Reports Q2 Earnings: Sales ?136M, Net Profit ?39.4M, EPS Of ?3.58; ?Record Order Backlog?

arm products-phoneARM Holdings -- supplier of microchips for Apple's iPhone and iPad products, Samsung's Galaxy line and soon technology for Microsoft's Windows 8 devices -- continues to report strong results while riding the wireless device boom and expanding to newer areas. The company reported Q2 earnings (ended June 30) of ?135.5 million ($213 million), beating analyst estimates of $206 million. Net profit was up by 48 percent, to ?39.4 million compared to ?26.6 million for the same quarter a year ago. Pointedly, the company is gearing up for continuing good fortune, at least for the next quarter: It says it has a "record order backlog" that will let it ride well into Q3, but cautioned that macroeconomic uncertainties may impact what happens in Q4.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/K8Y-WxpfL3o/

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