ARM Sees $200 Million Revenue from Investments by 2020
September 15 2015 - 2:51AM
Dow Jones News
By Ian Walker
LONDON--Chip maker ARM Holdings PLC (ARM.LN) said Tuesday it
expects investments in the business to boost revenue in 2016 by $40
million, rising to $200 million in 2020.
In a statement ahead of a presentation to analysts and
investors, ARM said it will continue investing in future
technologies for smart mobile devices and increase investment in
technologies for networking infrastructure and servers. It is also
investing in complementary technologies that are expected to
generate new revenue streams from emerging opportunities.
These investments are expected to result in 40 million pounds
($61.4 million) of expenses for 2017, mainly relating to hiring
more engineers and technical marketing staff.
"Current trading and the expected normalised operating expenses
for the quarter are consistent with the outlook commentary included
in our Q2 earnings announcement on 22 July 2015," the company
said.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
September 15, 2015 02:36 ET (06:36 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
ARM Holdings (LSE:ARM)
Historical Stock Chart
From Mar 2024 to Apr 2024
ARM Holdings (LSE:ARM)
Historical Stock Chart
From Apr 2023 to Apr 2024
