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| Arm shares jump after profits at chip designer rise | Arm shares jump after profits at chip designer rise |
| (35 minutes later) | |
| Arm Holdings, whose computer chip technology powers Apple and Samsung smartphones, said profits rose in the fourth quarter of 2012. | Arm Holdings, whose computer chip technology powers Apple and Samsung smartphones, said profits rose in the fourth quarter of 2012. |
| Pre-tax profits rose 16% to £80m during the period from a year earlier, while revenue was up 19% to £164m. | Pre-tax profits rose 16% to £80m during the period from a year earlier, while revenue was up 19% to £164m. |
| Shares in Arm rose more than 4.6% in morning trading. | Shares in Arm rose more than 4.6% in morning trading. |
| Arm, which had a record order book, is riding the wave of soaring smartphone and tablet sales as more people use these devices to access the internet. | Arm, which had a record order book, is riding the wave of soaring smartphone and tablet sales as more people use these devices to access the internet. |
| For the full year, the company booked pre-tax profits of £277m, up 20% from 2011. Revenue rose 17% to £577m. | For the full year, the company booked pre-tax profits of £277m, up 20% from 2011. Revenue rose 17% to £577m. |
| The company said it shipped 2.5bn chips and signed 36 processor licences in the fourth quarter alone. | The company said it shipped 2.5bn chips and signed 36 processor licences in the fourth quarter alone. |
| Smartphone sales around the world are soaring, while those of personal computers remains sluggish - a trend which plays to Arm's strength. | Smartphone sales around the world are soaring, while those of personal computers remains sluggish - a trend which plays to Arm's strength. |
| "Arm has seen good revenue and earnings growth throughout 2012. Customers are developing products to meet the needs of the post-PC era and are driving demand for Arm's most advanced technology," said chief executive Warren East. | "Arm has seen good revenue and earnings growth throughout 2012. Customers are developing products to meet the needs of the post-PC era and are driving demand for Arm's most advanced technology," said chief executive Warren East. |
| He added: "2013 brings exciting opportunities and challenges as Arm enters competitive new markets where we are well positioned to succeed with leading technology." | He added: "2013 brings exciting opportunities and challenges as Arm enters competitive new markets where we are well positioned to succeed with leading technology." |
| The group expects total revenues in the first quarter of 2013 to be around $250m (£158m). | The group expects total revenues in the first quarter of 2013 to be around $250m (£158m). |