ARM sees more double-digit growth in Q2 2013, takes big hit from patent litigation

This UK chip designer is accustomed to steep growth in demand for its Cortex mobile processors, and although we've seen hints that it faces new challenges ahead, for now it's mostly all gravy. Revenue in Q2 2013 soared 26 percent year-over-year to £171.2 million ($264.3 million), while profit before tax was up 30 percent £86.6 million (in "normalised" terms). The only hint of negativity in the earnings report was a huge expense of £41.8 incurred by a patent attack from an unnamed "third party", which was probably MIPS (see More Coverage), and which contributed to a much lower IFRS profit of £15 million -- although this represents ARM's contribution to a "full and final settlement", which presumably means it's a one-off thing.