ARMH Arm Holdings Plc ADS Each Representing 3 Ordinary Shares (MM)

By Rory Gallivan

LONDON--ARM Holdings PLC (ARM.LN), a computer-chip designer that creates technology found in Apple Inc.'s iPhones, Wednesday reported a rise in third quarter revenue and profit, boosted by demand for a new chip used in smartphones and digital TVs.

The company, based in Cambridge, England, reported revenue of 243.1 million pounds ($371.6 million) for the quarter ended September 30, up from GBP195.5 million the previous year. Net profit rose to GBP85.9 million from GBP64.8 million.

ARM said 3.6 billion of its chips were shipped during the period, up 20% from the same period the previous year. The company said it expects group dollar revenue for the full-year to be in line with market expectations.

"Q3 has been another strong quarter for royalty revenue growth, driven by premium chip pricing and elevated royalty percentages from recently introduced ARMv8-A based chips," said Chief Executive Simon Segar.

"These new chips are now shipping in a wide range of devices including smartphones, enterprise equipment such as base stations and servers, and consumer electronics such as digital TVs," he added.

ARM's technology is used in 95% of smartphones, 80% of digital cameras, and 35% of all electronic devices, according to its website.

Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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(END) Dow Jones Newswires

October 21, 2015 02:42 ET (06:42 GMT)

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