ARM Holdings plc Reports Second Quarter and Half Year 2006 Results

(1) US dollar amounts have been translated from sterling at the 30 June 2006 closing rate of $1.8496=GBP1 (see note 1)

    ARM Holdings plc

    Consolidated balance sheet - US GAAP

                                           30 June         31         30 June
                                                     December
                                              2006       2005        2006 (1)
                                         Unaudited    Audited       Unaudited
                                           GBP'000    GBP'000           $'000
    Assets
    Current assets:
    Cash and cash equivalents               95,381    128,077         176,417
    Short-term investments                  34,976     23,990          64,692
    Marketable securities                   18,449      8,835          34,123
    Accounts receivable, net of
    allowance of
    GBP2,174,000 in 2006 and                72,049     55,518         133,262
    GBP2,173,000 in 2005
    Inventory: finished goods                1,939      1,490           3,586
    Prepaid expenses and other              18,101     12,567          33,479
    assets
    Total current assets                   240,895    230,477         445,559

    Deferred income taxes                    4,726      4,422           8,741
    Prepaid expenses and other               1,501      1,674           2,776
    assets
    Property and equipment, net             13,427     12,803          24,835
    Goodwill                               366,632    385,572         678,123
    Other intangible assets                 64,754     72,345         119,769
    Investments                              3,578      8,800           6,618
    Total assets                           695,513    716,093       1,286,421

    Liabilities and shareholders'
    equity
    Accounts payable                         3,718      2,221           6,877
    Income taxes payable                    13,897     10,826          25,704
    Personnel taxes                          1,335      1,329           2,469
    Accrued liabilities                     24,353     25,024          45,043
    Deferred revenue                        28,347     20,354          52,431
    Total current liabilities               71,650     59,754         132,524

    Deferred income taxes                    2,587      7,289           4,785
    Total liabilities                       74,237     67,043         137,309

    Shareholders' equity
    Ordinary shares                            694        693           1,284
    Additional paid-in capital             459,674    425,252         850,213
    Deferred compensation                 (27,657)    (4,404)        (51,154)
    Treasury stock, at cost               (19,543)   (16,315)        (36,147)
    Retained earnings                      189,641    183,913         350,760
    Accumulated other comprehensive
    income:
    Unrealised holding gain on
    available-for-sale securities,
      net  of  tax  of  GBP313,000  (2005:
        GBP1,096,000)
                                                                                              204            3,859                          377
        Cumulative  translation                                    18,263          56,052                    33,779
        adjustment
        Total  shareholders'  equity                          621,276        649,050              1,149,112

        Total  liabilities  and                                    695,513        716,093              1,286,421
        shareholders'  equity

                      (1)        US  dollar  amounts  have  been  translated  from
                                    sterling  at  the  30  June  2006  closing  rate  of
                                    $1.8496=GBP1  (see  note  1)



        ARM  Holdings  plc

        Consolidated  income  statement  -  IFRS

                                                                                        Six  months  Six  months                Year
                                                                                                  ended            ended              ended
                                                                                              30  June        30  June  31  December
                                                                                                    2006              2005                2005
                                                                                          Unaudited    Unaudited          Audited
                                                                                              GBP'000        GBP'000          GBP'000
        Revenues
        Product  revenues                                                      123,014        105,857          217,711
        Service  revenues                                                          7,350            7,007            14,728
        Total  revenues                                                          130,364        112,864          232,439

        Cost  of  revenues
        Product  costs                                                          (11,609)        (9,461)        (19,265)
        Service  costs  (see  note  2)                                  (3,119)        (3,765)          (7,345)
        Total  cost  of  revenues                                        (14,728)      (13,226)        (26,610)

        Gross  profit                                                              115,636          99,638          205,829

        Operating  expenses
        Research  and  development  (see  note  2)          (38,990)      (41,486)        (80,273)
        Sales  and  marketing  (see  note  2)                    (25,323)      (23,289)        (47,389)
        General  and  administrative  (see  note  2)      (24,067)      (19,675)        (43,010)
        Profit  on  disposal  of                                                5,270                    -                      -
        available-for-sale  security
        Total  net  operating  expenses                            (83,110)      (84,450)      (170,672)

        Profit  from  operations                                            32,526          15,188            35,157
        Investment  income                                                        3,492            2,239              5,317

        Profit  before  tax                                                      36,018          17,427            40,474
        Tax                                                                            (11,169)*        (5,965)        (10,827)

        Profit  for  the  period                                              24,849          11,462            29,647

        Dividends
        -  final  2004  paid  at  0.42  pence  per                            -            5,759              5,759
        share
        -  interim  2005  paid  at  0.34  pence  per                        -                    -              4,677
        share
        -  final  2005  paid  at  0.5  pence  per                      6,918                    -                      -
        share
        -  interim  2006  proposed  at  0.4  pence                  5,481                    -                      -
        per  share

        Earnings  per  share
        Basic  and  diluted  earnings                                    24,849          11,462            29,647

        Number  of  shares  ('000)
        Basic  weighted  average  number  of  shares    1,377,117    1,366,672      1,369,335
        Effect  of  dilutive  securities:
        Share  options                                                              33,777          58,212            55,027
        Diluted  weighted  average  number  of              1,410,894    1,424,884      1,424,362
        shares

        Basic  EPS                                                                          1.8p              0.8p                2.2p
        Diluted  EPS                                                                      1.8p              0.8p                2.1p

        All  activities  relate  to  continuing  operations. 


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