ARM Holdings plc (ADR) (NASDAQ:ARMH) Report Elevated Profit in Q3

ARM Holdings plc (ADR) (NASDAQ:ARMH) has posted its third financial quarter result with all time backlog that will be extended into the final financial quarter 2013,as well as the company profit beat estimates due to higher demands for its smartphones internationally.

British microchip designer Net profit during the 3 months to 30 September rose to £48.5 million or $78.4 million from £41.3 million in same quarter in 2012. The firm profit excluding exceptional items and tax rose 36% to £92.6 million. The total number chips that are ship during the quarter are 2.5 billion said the company statement.

The firm report a revenue of £184 million increased 27%, in contrast to £184 million, while the revenue was estimated as £173.3 million by analyst. This will also dead to 15 back to back double digit gain by the firm. In terms of dollar revenue rose 26%, while the firm predicted dollar revenues in the Q4 according to market estimate of approximately $290 million.

The firm provides its chips to bigger firm that adopt its devices in their own technology. Currently the firm provide its chip technology to top leaders in smartphone industry including Samsung Electronics Co., Ltd. (KRX:005930) and Apple Inc. (NASDAQ:AAPL), as well as Chromebook laptop.

The Cambridge-based group has specialty to design such latest technology based chip that are faster, consume low energy and cheaper, so that have better performance as well as gaining high profits for the carriers firm. So device owners can use their devices like smartphones and tablets for long time with efficient batteries.

Analyst at Thomson Reuters is suggesting that the firm earnings per share without including few items of 23 cents increased 28%.

The U.K.-based company attain its revenue from two main business that include licensing its technology to technology firms for their products manufacture and then get royalties on each unit when it ship for selling. Shares of ARM Holdings plc (ADR) (NASDAQ:ARMH) were down -1.43% to $51.04 in premarket. In last session ARMH closed at $51.78.