British computer chip designer ARM Holdings today reported a 53 per cent increase in pre-tax profits for the fourth quarter driven by a growth in non-wireless markets.
ARM said profit before tax to the three months ending December 31st 2000 were £10.1 million sterling. Analysts had forecast ARM's pre-tax at £9.6-9.9 million.
Commenting on today's results ARM's chief executive Mr Robin Saxby 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 further year of continued growth."
Reuters
