Just when financial boffins expected ARM’s consistent double-digit growth to slow-down, the company has beaten their projections with a 23 percent rise in pre-tax profit. It made £66.5 million ($ 103 million) in profit from £129.8 million in revenue from its numerous mobile and low-power processor design licensees. Analysts expected worse performance for the simple reason that the world’s biggest chip-makers have warned of tougher times ahead — rival Intel has been careful to dampen people’s hopes for its next quarter, for example, and Qualcomm (a major ARM customer) has also reduced its forecasts.
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