Revenue reached $320.2m, up 12%.
UK chip maker ARM reported a 34% rise in its profits during the third quarter of 2014 to £64.8m, mainly driven by rising demand for mobile phone chips and smart objects.
During the quarter, the chipmaker’s revenue reached $320.2m, up 12% compared to corresponding quarter last year.
ARM chief executive officer Simon Segars said: "Q3 has seen accelerating royalty revenue growth and strong demand for our processors and physical IP.
"We have seen encouraging license momentum and design activity throughout our customer base, with more partners choosing to deploy ARMv8-A architecture in multiple end markets."
The number of chips transported based on its technology increased by 19% during the quarter to three billion, with a third of them integrated in connected objects.
"We launched important new products in the quarter. Our Cortex-M7 processor will deliver unprecedented performance for microcontroller chips, and our mbed IoT Device Platform offers developers foundational software that can realise the potential of the Internet of Things.
"Our Partners also demonstrated the capabilities of ARM’s innovative technology.
"These milestones are further evidence of the broadening adoption of ARM technology and are encouraging for future royalty revenue growth."
Earlier this month, ARM rolled out free software, called Internet of Things, which is aimed to allowing everyday objects to communicate with each other and interpret data over the web.