ARM Holdings, Actelion Profit Surge; SAP Net Plunge

Nigel Thomas
21 Apr, 2015
New York City

ARM Holdings net surged 36% to

[R]4:00 PM Frankfurt – ARM Holdings net surged 36% to £85 million. Associated British Foods profit tumbled 63% to £124 million after revenues barely rose 1%. Actelion net soared 25% to 159 million francs on 10% increase in revenues. SAP profit plunged 23% to €414 million despite revenues surged.[/R]

In London trading, FTSE 100 index rose 0.2% or 15.82 to 7,067.95 and in Frankfurt the DAX index increased 0.6% or 67.47 to 11,959.38.

In Paris, CAC 40 index gained 0.2% or 10.74 to 5,198.33.

ARM Holdings Plc climbed 3.8% to 1,194 pence after the U.K.-based microprocessors maker said total revenues in the first-quarter ending in March soared 21.8% to £227.5 million from £186.7 million in a year ago period.

Net profit in the quarter surged 36.4% from a year ago period to £85 million compared to £62.3 million and diluted earnings per share increased to 6 pence from 4.4 pence.

Associated British Foods Plc declined 4.9% to 2,723 pence after the U.K.-based diversified food processing company said group revenues in the first-quarter ending in February rose 1% to £6.25 billion from £2.21 billion in a year ago period.

Net profit in the quarter tumbled 62.9% from a year ago period to £124 million compared to £334 million and diluted earnings per share fell to 10 pence from 9.7 pence.

Actelion Limited soared 5.2% to 123 Swiss francs after the Switzerland-based biopharmaceutical company reported net revenues in the first-quarter ending in March jumped 10% to 515 million francs from 469 million francs in a year ago period.

Net profit in the quarter soared 25% from a year ago to 159 million francs compared to 128 million francs and diluted earnings per share advanced to 1.38 francs from 1.09 francs.

SAP SE climbed 3.2% to €69.51 after the Germany-based enterprise application developer reported total revenue in the first-quarter ending in March surged 22% to €4.50 billion from €3.70 billion in a year ago period.

Net profit in the quarter plunged 23% from a year ago to €414 million compared to €534 million and diluted earnings per share rose to €0.35 from €0.45.

The company said revenues from cloud subscriptions and support in the quarter more than doubled to €503 million and software support revenues soared 17% to €2.45 billion. Software licenses and support revenues jumped 16% to €3.15 billion.