By Will Sturgeon, 18 July 2000 11:13
NEWS UK chip designer ARM Holdings has reported another consecutive quarter of better than expected pre-tax profits. ARM, whose processors dominate the mobile and wireless market, recorded profits of £8.3m in the second quarter - well above analyst forecasts. The results were boosted by high royalty and licensee returns from companies such as Ericsson, Intel and Nokia who all use ARM products. Warning that operating costs were likely to dent the profit margin, Jonathan Brooks, chief financial officer at ARM, said in a statement: "Operating margins in the second quarter were higher than anticipated, and at 32 per cent only fractionally down on the first quarter figure of 33 per cent." However, Brooks added: "We do expect operating margins to decline slightly in the second half of the year as the impact of our current research and development programme works its way through."
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