ARM announced net income of £55.5 million ($94.8 million) for the second quarter, up from £10.5 million in the year-ago quarter. Revenue grew 17% from the year-ago quarter to £187.1 million, with earnings of 5 pence a share. Analysts surveyed by Thomson Reuters expected revenue of £182 million and earnings of 5 pence.
The company said it saw heavy growth from higher chip shipments and licensing revenue in the quarter.
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