- British chip designer ARM Holdings posted a 25 percent rise in fourth-quarter profit, ahead of expectations, helped by a strong year end in companies licensing its technology and growing royalty revenues from customers such as Apple.
The company, whose technology powers the iPhone 6, reported pre-tax profit of 118.9 million pounds on revenue of 225.9 million pounds, up 19 percent.
"We anticipate that total group dollar revenues for Q1 will be up about 10 percent year on year, based on strengthening royalty revenue growth, and our expectation of the profile of license revenue through the year," the company said on Wednesday.
Analysts were predicting pre-tax profit of 113 million pounds, according to a consensus compiled by Thomson .
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