ARM increases dividend 25% after strong Q2

(Telecompaper) ARM Holdings reported second-quarter revenues up 15 percent year-on-year to USD 357.1 million and improved its adjusted operating margin to 52.9 percent from 48.9 a year ago. The company's pretax profit jumped 39 percent to GBP 94.7 million or 5.42 pence per share, and ARM increased its interim dividend by 25 percent to 3.15 pence per share. Over 3.4 billion ARM-based chips shipped in the second quarter, up 26 percent year-on-year. This helped drive a 31 percent increase in ARM's