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Normalized profit before tax and earnings per share soared by 32 percent and 34 percent year-on-year respectively, data showed.

ARM-based chips shipment increased by 26 percent year-on-year to 3.4 billion units. The technology group also saw a record of 54 processor licenses signed for a broad range of applications in the second quarter.

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Simon Segars, Chief Executive Officer of ARM, said:" ARM has been investing in advanced technology products for mobile devices, automotive applications and enterprise infrastructure, and in Q2 ARM signed licenses for many of these new products. This licensing activity will help to grow the royalty revenue opportunity for years to come."

ARM whose products power Apple Inc.'s iPhones and iPads is one of the technology giants in Britain.

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