ARM HOLDINGS PLC REPORTS RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2012
CAMBRIDGE, UK, 25 July 2012-ARM Holdings plc announces its unaudited financial results for the second quarter and half year ended 30 June 2012.
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Q2 2012 - Financial Summary
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Normalised |
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IFRS |
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Q2 2012 |
Q2 2011 |
% Change |
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Q2 2012 |
Q2 2011 |
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Revenue ($m) |
213.0 |
190.2 |
12% |
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213.0 |
190.2 |
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Revenue (£m) |
135.5 |
117.8 |
15% |
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135.5 |
117.8 |
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Operating margin |
46.4% |
44.5% |
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37.8% |
27.1% |
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Profit before tax (£m) |
66.5 |
54.2 |
23% |
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54.8 |
33.8 |
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Earnings per share (pence) |
3.58 |
2.98 |
20% |
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2.83 |
1.93 |
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Net cash generation** |
46.9 |
45.6 |
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Effective revenue fx rate ($/£) |
1.57 |
1.61 |
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H1 2012 - Financial Summary |
Normalised* |
|
IFRS |
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H1 2012 |
H1 2011 |
% Change |
|
H1 2012 |
H1 2011 |
|||||||
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Revenue ($m) |
422.4 |
375.7 |
12% |
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422.4 |
375.7 |
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Revenue (£m) |
268.0 |
233.9 |
15% |
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268.0 |
233.9 |
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Operating margin |
45.5% |
43.5% |
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37.2% |
26.1% |
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Profit before tax (£m) |
128.5 |
104.9 |
22% |
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106.2 |
64.2 |
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Earnings per share (pence) |
6.93 |
5.70 |
22% |
|
5.53 |
3.51 |
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Net cash generation** |
105.2 |
108.6 |
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Effective revenue fx rate ($/£) |
1.58 |
1.61 |
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Progress on key growth drivers in Q2
· Growth in adoption of ARM® processor technology
o 23 processor licenses signed across key target markets from microcontrollers to mobile computing
o ARM's momentum in networking continues with an ARMv8 architecture license for intelligent networking applications, and Freescale announcing their first ARM-processor based chips for network infrastructure
· Growth in shipments of chips based on ARM processor technology
o 2.0 billion chips shipped into a wide range of applications, up 9% year-on-year compared with industry shipments being down 4%
o Processor royalties grew 14% year-on-year compared with a decline in industry revenues of 7%
· Growth in outsourcing of new technology
o 3 Mali™ graphics processor licenses signed in Q2, of which two were with new customers for Mali technology
o 5 physical IP Processor Optimisation Packs licensed, enhancing ARM's royalty opportunity per chip
Warren East, Chief Executive Officer, said:
"ARM's royalty revenues continued to outperform the overall semiconductor industry as our customers gained market share within existing markets and launched products which are taking ARM technology into new markets. This quarter we have seen multiple market leaders announce exciting new products including computers and servers from Dell and Microsoft, and embedded applications from Freescale and Toshiba. In addition, ARM and TSMC announced a partnership to optimise next generation ARM processors and physical IP and TSMC's FinFET process technology.
