LONDON — ARM Holdings plc (Cambridge, England) posted a 10 percent fall in sales expressed in dollars for the first quarter of the year as it saw continuing decline in the semiconductor market.
The company had sales of $120.9 million year-on-year, but stressed this translated into an 18 percent rise in revenue if expressed in UK currency of of £79.9 million.
Pretax profits were £23.9 million pounds for the quarter, short of analysts' expectations.
Commenting on the figures, Warren East, ARM's chief executive officer, said the company made an encouraging start to 2009. "Leading semiconductor and OEM companies are continuing to utilize ARM technology, creating healthy demand for our latest processors and physical IP products."
He added ARM outperformed the semiconductor industry in the first quarter, as overall industry revenues had declined by about 30 percent in the same period, referring to tecent estimates from gartner Inc.
"This outperformance, combined with careful management of costs and the strengthening of the dollar against sterling, has given rise to year-on-year earnings growth of 18 percent and further robust net cash generation in the first quarter."
East reiterated previous guidance for the rest of the year, but cautioned this may change if "industry conditions deteriorate to a greater extent than is generally anticipated."
Total dollar license revenues in Q1 2009 declined by 15 percent year-on-year to $40.7 million, representing 34 percent of group revenues. License revenues comprised $31.9 million from the processor division and $8.8 million from the Physical IP group.
17 processor licenses were signed in Q1, including 5 for Mali graphics processor and 4 for the Cortex-M for microcontrollers.
Total dollar royalty revenues in Q1 2009 declined by 9 percent $58.3 million, representing 48 percent of group revenues. Royalty revenues comprised $50.3 million from PD and $8.0 million from PIPD.
Related Articles :
ARM processor runs applications in some Intel-based PCs, claims executive
ARM preps tiny core for low-power microcontrollers
ARM releases IP platform for TSMC's 40-nm process
RSS
Digital
10 emerging technologies to watch:
EE Times has compiled a list of emerging technologies that we think will be worth watching out for in 2010. Biofeedback or thought-control of electronics are among the contenders.
Hot applications in 2010:
We've compiled a list of 10 technology applications you should watch for in 2010, ranging from e-book readers to 3-D TVs. We examine the features that make these apps so compelling as well unresolved issues.
Top 25 predictions for semis in 2010:
2010 is just beginning to unfold in the electronics industry. Looking into our crystal ball, we have released our own chip forecasts--and other predictions--for 2010.
Seven things to fix in 2010:
The editors of EE Times came up with their own informal list of things we hope engineers fix in 2010, spanning everything from nano-lithography to space travel. What do you want to see get done this year?
'09 moves that are shaping the future:
This was a brutal year, but the industry gets a nod for showing grace under fire. Here's our Top 10 guide to the coming year, illustrating what to expect in 2010.
10 CEOs out in 2009:
It's been a tough year for the global electronics industry and CEOs. We survey the dismissal of 10 industry CEOs during the first three quarters of 2009 and what's ahead for the rest of the year.
Notable women in microelectronics:
There is no better time than a global economic recession to examine the keys to successful corporate governance. So, EE Times has compiled an international list that celebrates women who are business and technology leaders in semis.
EE Times updates Silicon 60:
Seventeen companies have been added to the lastest version of our Silicon 60 list of emerging startups. Forty-three companies survived as emerging companies that are still worth watching.
RSS| 
Digital| 
Mobile
