ARM Second-Quarter Sales Rise on Doubling of Smartphone Licenses

ARM Holdings Plc, whose chip designs are used in Apple Inc.’s iPad, said second-quarter revenue climbed 18 percent as the company doubled the number of licenses sold for smartphones and tablet computers in the first half.

Second-quarter sales rose to 117.8 million pounds ($192 million) from 100 million pounds a year earlier, the Cambridge, England-based company said in a statement today. That beat analysts’ estimates for revenue of 109 million pounds, according to a Bloomberg survey.