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ARM revenues power ahead in second quarter

Wed, 27th Jul 2016 07:28

(ShareCast News) - Chipmaker ARM Holdings posted its second-quarter numbers on Wednesday, with group revenues in USD growing 9% year-on-year to $387.6m and 17% in GBP to £267.6m in the three months to 30 June.The FTSE 100 firm said processor licensing revenues were up 14% in USD and 24% in GBP, with processor royalty revenues growing 11% and 19%.Its normalised operating expenses were at the lower end of its guided range, at £130.7m, with normalised profit before tax ahead by 5% to £130.1m and earnings per share up 18% at 8.6p.The company declared an interim dividend of 3.78p, up 20%.During the period, ARM acquired embedded computer firm Apical, and announced a strategic partnership with the Chinese private equity firm HOPU."Our royalty revenue growth continues to outperform the wider semiconductor industry, driven by market share gains and the increasing adoption of ARM's latest technologies," said CEO Simon Segars."With more end-users selecting ARM technology for products ranging from sensors to satellites to supercomputers, we expect this outperformance will continue."Segars said ARM is continuing to invest in products that will support its partners' plans as they develop next-generation technologies such as 5G networks, autonomous vehicles and the Internet of Things."Our recent acquisition of Apical enhances our expertise in visual computing, a rapidly-advancing field which is enabling smart buildings, augmented reality, self-driving cars and advanced robotics."As new technologies are created and new markets emerge, ARM will continue to evolve its products and business models to capture the opportunities ahead," Segars explained.The period covered in the update was prior to the recent announcement from Japan's Softbank, that it is seeking to acquire ARM in a deal worth £24.3bn.
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23 Feb 2016 15:43

Peel Hunt initiates ARM Holdings at 'buy'

(ShareCast News) - Peel Hunt initiated coverage of chip designer ARM Holdings at 'buy' with a 1,200p price target, saying recent share price volatility was a buying opportunity. "We see a number of key growth segments going forward, as well as broader technology trends underpinning its strong positi

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15 Feb 2016 09:33

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11 Feb 2016 14:37

FTSE 100 movers: Banking shares drive index down

(ShareCast News) - The FTSE 100 resumed its slide on Thursday, with the blue-chip index dropping 80.51 points (1.42%) to 5,591.79 points by mid-afternoon. Banking shares were under pressure, with Barclays and Standard Chartered among the top fallers, after Societe Generale's profit warning added to

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11 Feb 2016 14:11

ARM Holdings overvalued while over 750p, Bernstein says

(ShareCast News) - The headwinds in the smartphone market in 2016, combined with slower royalty growth and the waning boost from the v8 product cycle, all meant that ARM Holdings current valuation multiples would come under pressure, broker Bernstein said. Royalty growth was set to slow towards appr

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11 Feb 2016 13:52

Thursday broker round-up

(ShareCast News) - ARM Holdings: JP Morgan reiterates neutral with a target of 950p, Exane BNP Paribas keeps at outperform, 1300p target, Deutsche Bank stays at hold, 1000p target, Goldman Sachs maintains buy with a target of 1400p, Citigroup keeps at neutral and Bryan, Garnier & Co reiterates buy.

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11 Feb 2016 11:35

Thursday newspaper share tips: Steer clear of banking sector

(ShareCast News) - The Telegraph's Questor wasn't so hot on the UK banking sector as it published an in-depth look into it on Thursday The column noted that shares in the sector have fallen over 20% so far this year, due to fears about how it would cope in another downturn. It said there is an elem

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10 Feb 2016 17:22

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FTSE 100 movers: Housebuilders lead market higher

(ShareCast News) - The FTSE 100 was set to turn things around on Wednesday, with the blue chip market up 48.39 points (0.86%) to 5,680.58 by mid-afternoon. Housebuilders were on the rise, including Taylor Wimpey, Berkeley Group Holdings and Barratt Developments, after sector peer Bellway reported st

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10 Feb 2016 14:08

Britain's leading tech firm ARM says Brexit would slow it down

LONDON, Feb 10 (Reuters) - World-leading technology company ARM Holdings said a vote to leave the European Union by the British electorate, the so-called Brexit, would hinder its ability to employ the scientists and engineers it needs. ARM, which designs the chips that power nearly all of t

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10 Feb 2016 12:39

UPDATE 2-UK's ARM takes more of the profit in slowing smartphone sector

* Q4 revenue up 14 pct, profit up 17 pct, ahead of forecasts * Says 2016 revenue will be "broadly in line" with consensus * Says not overly worried about China (Adds further reaction, updates shares) By Paul Sandle LONDON, Feb 10 (Reuters) - Britain's ARM Holdings said

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