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Arm Forecast Meets Estimates After Data Center Push Pays Off

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Arm Forecast Meets Estimates After Data Center Push Pays Off Arm Holdings Plc gave a revenue forecast for the current period that met analysts’ estimates, a sign its push into data center computing is helping offset a slump in the smartphone market. Sales will be about $1.54 billion in the fiscal third quarter, which runs through December, the company said in a statement Wednesday. Analysts estimated $1.53 billion on average, with some projections nearing $1.7 billion, according to data...

Arm Forecast Meets Estimates After Data Center Push Pays Off Arm Holdings Plc gave a revenue forecast for the current period that met analysts’ estimates, a sign its push into data center computing is helping offset a slump in the smartphone market. Sales will be about $1.54 billion in the fiscal third quarter, which runs through December, the company said in a statement Wednesday. Analysts estimated $1.53 billion on average, with some projections nearing $1.7 billion, according to data compiled by Bloomberg.
Data Center Push Pays Off Arm Forecast Meets Estimates (ORG) Data Center Push Pays Off Arm Holdings Plc (ORG) Bloomberg (ORG)
Originally published by Bloomberg Technology Read original →