Q3 sales soar for ARM on record processor licenses

Total revenue soared to £184.4million, up from £144.6m this time last year. Total license revenues increased by 48% year on year to $123.1m, representing 43% of group revenues. The technology licensed includes ARM's latest Cortex-A, Cortex-R and Cortex-M processors. End markets included the Internet of Things (IoT), wired and wireless communications and mobile computing. ARM ceo Simon Segars, pictured, said: "As the products we use every day become more connected, and as new categories of smart devices are introduced, there are increasing opportunities for ARM's high performance, low power technology, which drive both license and long-term royalty revenues. "In the third quarter of 2013 we saw strong demand for our processor technology with a record 48 licenses signed by 24 companies, 11 of whom were licensing ARM technology for the first time." ARM also signed four large licensing deals in Q3, which included MediaTek signing a broad license for ARM's latest ARMv8-A processor technology and next generation Mali graphics. "With more customers choosing to deploy ARM technology in their products and ARM's royalty revenues outperforming the overall semiconductor industry, this has been another quarter that underpins ARM's long term growth opportunity," Segars concluded.