Core demand driving ARM revenue

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.

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