Chipmaker ARM saw a 21 per cent rise in revenues for its last financial year, helping the Cambridge-based firm pull in £491.8m over the last 12 months.
This led to profits at the firm increasing by 13 per cent year-on-year to £203.8m after tax.
While that shows impressive double-digit growth in profits, the company could not quite repeat the stellar performance of the year before, when it more than doubled its profits.
"ARM continues to sign licences with influential market leaders in an increasingly digital world," said Warren East, chief executive of ARM.
ARM's success comes on the back of continued demand for its chips from makers of smartphones and tablet devices, which the company predicts will be sustained throughout 2012.
ARM signed 35 processor licence deals in its Q4 period, 16 of which were for processors intended for mobile computers and smartphones. The other deals were for products such as digital TVs, smartcards and solid-state drives.
Those deals will help boost ARM's results in its next financial quarter because the revenue from the deals is not accounted for until the following quarter.
That should buttress the firm against a renewed onslaught from rival Intel, which used the recent CES event in Las Vegas to show off a range of smartphones using its mobile Atom processors.
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