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

By Stu Woo

LONDON--ARM Holdings PLC (ARMH) said Wednesday its profit rose 7.6% to GBP91.5 million ($132 million) in the first quarter, though per-share income missed analysts' expectations amid higher research spending.

Revenue at the U.K. technology company, which designs the architecture of the chips used in most of the world's smartphones, rose to GBP276.4 million in the first quarter, up from GBP227.5 million a year earlier.

But earnings per share, at 6.5 pence, missed analysts' estimate of 8.07 pence, according to Thomson One Analytics.

ARM Chief Executive Simon Segars said the company increased investment in research and development to develop new chip technologies.

Write to Stu Woo at stu.woo@wsj.com

(END) Dow Jones Newswires

April 20, 2016 02:46 ET (06:46 GMT)

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