Global trading pays for ARM Holdings

Leading UK technology firm ARM Holdings has reported a significant increase in its profits.

The company, which is based in Cambridge, trades on a global scale, providing technology to organisations such as world industry giants Apple.

In the closing quarter of 2011, the firm said its pre-tax profits hit £69 million, following a 45% increase led largely by exporting to major worldwide firms.

Its revenues reached £137.8 million following growth of 21%, and 10% more of its chips were used to develop technologies such as mobile computers and phones.

Its pioneering microchip technology is used in around 95% of the world's smartphones, 90% of hard drive products, and eight in 10 digital cameras.

The technology is also used in devices like printers and digital TVs.

In addition to the rise in profits, ARM Holdings signed 25 extra licence agreements for its microchip technology in the closing 12 weeks of 2011.

Commenting on what the future holds for the international business, Chief Executive Warren East said: “As our customers are designing more ARM technology into their widening product portfolios, ARM is investing in the development of new products.

“These products will drive further long-term growth in our revenues, profits and cash.”

After gaining licences from ARM, its clients pay royalties to the firm each time they manufacture devices with the help of its chips.

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