ARM Holdings Management Discusses Q2 2012 Results - Earnings Call Transcript

ARM Holdings (ARMH)

Q2 2012 Earnings Call

July 25, 2012 4:30 am ET

Executives

D. Warren A. East - Chief Executive Officer, Director and Member of Disclosure Committee

Tim Score - Chief Financial Officer, Director, Member of Compliance Committee, Member of Disclosure Committee and Member of Risk Review Committee

Analysts

Didier Scemama - BofA Merrill Lynch, Research Division

Kai Korschelt - Deutsche Bank AG, Research Division

Andrew Dunn - RBC Capital Markets, LLC, Research Division

Simon F. Schafer - Goldman Sachs Group Inc., Research Division

Janardan Menon - Liberum Capital Limited, Research Division

Julian Robert James Yates - Investec Securities (UK), Research Division

Presentation

D. Warren A. East

Good morning, everybody. Olympic week, so it's fairly select bunch, so thank you all very much for coming along, braving the London transport conditions. They were fine at 6:00 this morning, by the way. So as usual, I will step-through business update, and Tim will follow-up with some detail on the numbers. It's been a really good quarter. Not one that, I would say, and here's the standout one thing that we talked about, but actually if you look right across our business, whether you cut it up by applications sector, whether you cut it out by product sector, then it's been an excellent quarter with a -- with some good news.

But if we were to highlight some things at all, then on our highlights slides, it has been a continuation of big semiconductor companies, continuing to invest in our technology, not just sort of Tier 2 types semiconductors, we've had some very serious semiconductor companies, who you'd call market leaders who have incumbent architectures that they've been with for many years, adapting ARM in their next generation of their products, which is very good. We've signed another v8 architecture license, and that is -- that particular one will be announced in due course, as and when they want to announce it. But what we can say, is that it's in networking applications. And if there is a little bit of a theme, particularly behind my excitement in these results, then it is the fact that we're starting to see quite a lot more ARM activity in the networking space, and more on that as we go.

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