Shares of chip technology designer ARM Holdings (ARMH) are up $1.29, or 4.5%, at $29.65 in early trading after the company this morning beat Q4 revenue and EPS expectations.
Revenue in the three months ended in December rose 21%, far over year, to $217 million, yielding EPS of 17 cents.
Analysts on average had been expecting $193 million and 14 cents.
License revenue rose 21% to $78.9 million, or 36% of revenue, while royalty revenue rose 22%, year over year, to $114.7 million, or 53%. Gross profit margin rose to 96% from 94.9% a year earlier.
The company signed 25 licenses for its processor designs, and the first for a new design, the “ARMv8-A.” The industry shipped 1.2 billion chips for mobile devices based on the company’s processor cores, a 10% increase from the prior-year period, and 1 billion for embedded devices, a 40% increase.
The company forecast $200 million in revenue this quarter, and $860 million for the full year. That is roughly in line with the current consensus for this quarter, but slightly ahead of the year’s consensus of $851 million.
The company warned that “the global macro-economic situation remains uncertain and is likely to influence consumer and enterprise spending, thereby potentially impacting semiconductor revenues and industry confidence.”
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