Arm reports fourth quarter results for December 2024, with total revenue increasing by 19% from the same period the previous year to $983 million. Net profit according to GAAP accounting standards stands at $252 million.
The growth in revenue is attributed to a significant increase in royalties revenue, reaching a new record high with a 23% growth to $580 million. Meanwhile, sales revenue also saw a 14% increase to $403 million.
Arm points to the growing demand for robust AI products as a catalyst for increased demand, driving the need for Armv9 architecture and CSS platform.
TLDR: Arm’s Q4 2024 report shows a 19% revenue increase, driven by growth in royalties and sales revenue due to heightened demand for AI products.
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