Chipmaker ARM Holdings Plc. (ARM.L,ARMH) reported that its profit for the third-quarter increased to 64.8 million pounds from last year's 48.5 million pounds, with earnings per share improving to 4.57 pence from 3.44 pence in the previous year.
IFRS earnings per share were 22.24 cents per ADS compared to 16.72 cents per ADS last year.
Normalised earnings per share were 5.92 pence compared to 5.11 pence in the previous year. Normalised profit before tax grew to 101.2 million pounds from 92.6 million pounds in the prior year.
After including acquisition-related and share-based payment costs, intangible amortisation, impairments, restructuring charges and share of results of joint ventures, IFRS profit before tax was 79.2 million pounds up from 68.3 million pounds in the prior year.
Revenues for the quarter grew to 195.5 million pounds from 184.0 million pounds in the prior year.
Quarterly total revenues were $320.2 million, up from $286.7 million last year.
ARM enters the final quarter of 2014 with a robust opportunity pipeline that points to both strong licence revenues in the fourth-quarter and a sequential increase in order backlog. With market data underpinning the short-term outlook for royalty revenues, the company expects group dollar revenues for the fourth quarter to be in-line with market expectations of about $350 million.
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