CAMBRIDGE, UK — ARM Holdings plc announces its unaudited financial results for the third quarter and nine months ended 30 September 2015.
| Q3 2015 – Financial Summary | Normalised* | IFRS | |||||||
| Q3 2015 | Q3 2014 | % Change | Q3 2015 | Q3 2014 | % Change | ||||
| Revenue ($m) | 375.5 | 320.2 | 17% | 375.5 | 320.2 | 17% | |||
| Revenue (£m) | 243.1 | 195.5 | 24% | 243.1 | 195.5 | 24% | |||
| Operating expenses (£m) | 108.4 | 86.8 | 25% | 131.4 | 107.0 | 23% | |||
| Operating margin | 51.7% | 50.4% | 42.0% | 39.8% | |||||
| Profit before tax (£m) | 128.4 | 101.2 | 27% | 102.9 | 79.2 | 30% | |||
| Earnings per share (pence) | 7.61 | 5.92 | 29% | 6.06 | 4.57 | 33% | |||
| Net cash generation (£m) ** | 86.6 | 91.1 | |||||||
| Effective revenue fx rate ($/£) | 1.54 | 1.64 | |||||||
| YTD 2015 – Financial Summary | Normalised* | IFRS | |||||||
| YTD 2015 | YTD 2014 | % Change | YTD 2015 | YTD 2014 | % Change | ||||
| Revenue ($m) | 1,080.7 | 935.0 | 16% | 1,080.7 | 935.0 | 16% | |||
| Revenue (£m) | 699.1 | 569.3 | 23% | 699.1 | 569.3 | 23% | |||
| Operating expenses (£m) | 307.7 | 258.8 | 19% | 374.0 | 322.1 | 16% | |||
| Operating margin | 52.1% | 49.9% | 42.3% | 38.5% | |||||
| Profit before tax (£m) | 372.7 | 292.5 | 27% | 301.0 | 225.1 | 34% | |||
| Earnings per share (pence) | 22.00 | 16.93 | 30% | 17.45 | 12.86 | 36% | |||
| Net cash generation (£m) ** | 248.4 | 217.9 | |||||||
| Effective revenue fx rate ($/£) | 1.54 | 1.64 | |||||||
| * | Normalised figures are based on IFRS, adjusted for acquisition-related charges, share-based payment costs, restructuring charges, Linaro-related charges, share of results of joint venture, intangible amortisation, and profit on disposal of investments net of impairment. For reconciliation of IFRS measures to normalised non-IFRS measures detailed in this document, see notes 7.8 to 7.11. | ||||||||
| ** | Net cash generation is defined as movement on cash, cash equivalents, short-term and long-term deposits and similar instruments, adding back dividend payments and share buy-backs, investment and acquisition consideration, other acquisition-related payments, restructuring payments, share-based payroll taxes, investment in and loans to joint venture, payments to Linaro, and deducting inflows from share option exercises – see notes 7.3 to 7.7. | ||||||||
