ARM Holdings PLC has reported its fourth quarter and full year results, posting a net profit in Q4 of £72.8 million ($112.2 million) on turnover of £225.9 million ($348.2 million), which compares with a net loss of £6.2 million ($9.5 million) on turnover of £189.1 million ($291.5 million) in the final quarter of last year. ARM’s net profit for the year more than doubled year on year to £255.4 million ($393.7 million) from £104.8 million ($161.5 million), while turnover was 11.2% higher at £795.2 million ($1.2 billion) from £714.6 million ($1.1 million).
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