ARM has published its financial results for the first quarter of 2013 showing year-on-year rise in revenues of 26 percent or US $263.9 million.

Pre-tax profits earned by the company in the last quarter are set at US $136 million which is a 44 percent increase when compared to the first quarter last year. The rise in profits actually does not come as surprise considering that ARM got 22 processor licenses for usage of its technology in various mobile devices as well as TVs, and chip shipments have increased by 35 percent. Quite a surprise are the shipments of Mali graphics that are up more than five times when compared to the same quarter last year.

With the current trend in the technology industry where there is a noticeable shift from PCs to mobile devices, ARM is certainly on a roll and we are quite sure that its next quarters will be even better.

ARM's CEO, Warren East, noted that ARM saw a strong uptake for its next-generation ARMv8, Mali and big.LITTLE technology. On a similar note, current ARM CEO, Warrent East, will be retiring in July after 19 years with the company leaving it in good hands of current president Simon Segars.

Source: ARM.com.