NEWS TODAY FROM ARMH President!!! Expecting To Enjoy Double-Digit Shipment Growth!!!
ARM Holdings plc (ADR) (NASDAQ:ARMH) Expecting To Enjoy Double-Digit Shipment Growth Through Shipping Across China Market
by John Beal | Mar 18, 2013 16:03
The China’s ARM Holdings plc (ADR) (NASDAQ:ARMH) president Allen Wu is expecting that the company’s shipments of products such as embedded applications, application processors and micro controller units in the major China region to enjoy double-digit growths in the current year 2013.
Allen Wu while expressing these expectations also pointed out that ARMH’s global market share surged from 17% in 2007 to 32% in 2012 and in the region of Asia Pacific market including the major China region that contributed to 51% of the company’s revenues in 2012. According to Wu, this contribution will further having a chance to boost in near future.
ARM Holdings plc is expecting to reach global application processor shipments to reach four billion units, in 2017 with MCU shipments 23 billion and embedded application shipments 14 billion. With the increase in demand, ARM is expecting to boost its performance.
ARM Holdings plc (ADR) (NASDAQ:ARMH) stock in last session held volume of 792,677 shares as compare to its average volume of 2.15 million shares. The stock after opening at $41.97 hit high price of $42.03 and then closed at $41.72 by falling -0.41%.
Looking at the revenue measures, the company generated sales of 871.87 million in last twelve months with income of $242.87 million. The Company showed a positive 27.86% in the net profit margin and its operating margin is calculated as 36.07%. Company’s annual sales growth for the past five years was 17.35%.
ARMH past twelve months price to sales ratio was 22.38 and price to cash ratio recorded as 33.42. As far as the returns are concern, ARMH return on equity recorded as 14.18% while its return on assets stayed at 11.62%.
The China’s ARM Holdings plc (ADR) (NASDAQ:ARMH) president Allen Wu is expecting that the company’s shipments of products such as embedded applications,