Summary The company's processor royalty revenues rose 24 percent in the quarter year-on-year.
(Reuters) - ARM Holdings, the British chip designer whose technology powers smartphones, reported a 17 percent rise in fourth-quarter profit as its latest processor designs continued to win market share.
The company s processor royalty revenues, paid on each chip shipped in devices like the iPhone, rose 24 percent in the quarter year-on-year, in contrast to a 3 percent drop in relevant industry revenue.
Chief Executive Simon Segars said that during the year its latest chip architecture surpassed a 50 percent share of smartphone shipments.
The company reported pretax profit of 138.7 million pounds on revenue, measured in dollars, up 14 percent to $407.9 million, both slightly ahead of market consensus.
