On Wednesday evening, Arm Holdings reported non-GAAP EPS of $0.36 for the last three months of its 2023-24 financial year, compared with $0.02 a year earlier, with an adjusted operating margin of 42.1% compared with -0.2% in the last quarter of 2022-23.

At $928 million, revenues for the British chip designer were up 47%, with increases of 37% for royalties and 60% for licensing revenues, thanks to increased corporate investment in artificial intelligence.

'AI is underpinning increased demand for our technologies across all end markets. From the cloud to the edge, all AI software models, from GPT to Llama, are based on and run on the Arm computing platform", explains CEO Rene Haas.

Arm thus posted full-year adjusted EPS of $1.27 and revenues of $3.23 billion, exceeding the upper limits of its target ranges, and indicates targets of $1.45-1.65 and $3.8-4.1 billion respectively for 2024-25.

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