ARM's Q4 sales flat, but company bullish for 2001

ARM's Q4 sales flat, but company bullish for 2001
By Semiconductor Business News
January 31, 2001 (5:12 p.m. EST)
URL: http://www.eetimes.com/story/OEG20010131S0048

CAMBRIDGE, England -- ARM Holdings plc here today reported sales of $20.3 million (£29.8 million) for its fourth quarter ended Dec. 31, up 58% from $12.9 million (£18.9 million) in the like period a year ago.

The company also reported flat earnings of $5.95 million (£8.75 million) in the period, compared to $5.99 (£8.81 million) a year ago. Earnings per fully diluted share increased to $0.13 in the quarter, from $0.8 a year ago. The company was projected to earn $0.03 a share, according to Zacks Investment Research.

Robin Saxby, chairman and chief executive of ARM, was bullish about the quarter and 2001. ``The year finished strongly and the momentum behind our business remains encouraging," he said.

"2001 has started well with several licensing agreements signed," he said. "Despite an anticipated slowdown in general economic activity in the United States and the Far East, demand for our products and services remains strong and we expect a f urther year of continued growth," he added.