British holding company ARM, engaged in the development and promotion of processor architecture, reported on the results of the second quarter that were better than analysts predicted. The holding company was able to increase the number of processors sold for smartphones, despite the fact that their main customers complain about the decline in sales. ARM do not feel negative trends , though the company acknowledged that the impact will be felt in the future.
According to a report, the holding company income before tax increased by 23%, to 65.5 million pounds, despite the fact that the volume of sales in monetary terms amounted to 135.5 million pounds. Net income is equal to 0.0358 pounds sterling per share.
Publication of the financial report reflected positively on the holding course , which added to the price 4% on London Stock Exchange. Analysts predicted , that ARM developer for the entire 2012 will rescue of about 877 million dollars.