Arm hits record quarterly revenues, but sky-high expenses weigh heavy

British central processing unit (CPU) designer Arm Holdings PLC (NASDAQ:ARM)’s second quarter as a Nasdaq-listed company brought in record quarterly revenues for the group, with earnings exceeding the top end of guidance. Total revenues came to $824 million (£652 million), up 14% year on year, with royalty revenue up 11% and licensing revenue up 128%. Arm receives royalties for every smartphone and device that incorporates its CPU architecture, while licensing revenues are generated by customers paying for ...