ARM’s 2Q 2016 Earnings Statement: Financial Summary
News highlights:
- Group revenues in US$ were up 9% year-on-year
- Processor licensing revenues in US$ up 14% year-on-year
- Processor royalty revenues in US$ up 11% year-on-year, outperforming the industry
- Acquired Apical, a global leader in imaging and embedded computer vision
- Announcement of a strategic partnership with the Chinese private equity firm HOPU Investment Management, launching an industry fund focused on the Internet of Things, smart devices, big data and cloud computing
CEO Simon Segars said: “ARM is continuing to invest in products that will support our partners’ roadmaps 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.”
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🗓️ Join us on Wednesday July 31 for our next financial results conference call.
After market close, we'll report our earnings results for the first quarter of fiscal year 2025, followed by a conference call to review our results and business outlook: https://okt.to/koqGT0
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