Brian Fuller, EETimes
10/23/2012 6:42 PM EDT
SAN FRANCISCO -- ARM Ltd., citing strong demand for its processor core technology and rising royalty rates, reported $227.9 million in Q3 revenue, up 18 percent compared with the same period last year. Year-to-date revenues were up 14 percent to $650.3 million.
The London-based company's results were a rare ray of sunshine in an otherwise gloomy market day, punctuated overall by lower corporate earnings and a weakening global economic outlook.