Strong demand for its processor technology and several large licensing deals saw third quarter earnings leap at ARM Holdings, which said the fourth quarter remained in line with expectations.
The FTSE 100-listed company signed a record 48 licences with 24 companies, 11 of whom were new customers.
This was a large part of a 38% rise in earnings per share to 5.11p, with pre-tax profits up 36% to £92.6m on revenue ahead 27% to £184m.
Chief Executive Officer Simon Segars said: "As the products we use every day become more connected, and as new categories of smart devices are introduced, there are increasing opportunities for ARM's high-performance, low-power technology, which drive both license and long-term royalty revenues."
He also pointed to four "large" licensing deals with "thought-leading technology companies", which included rising chipset star MediaTek signing a broad licence for ARM's latest ARMv8-A processor technology and next generation Mali graphics.
Royalties were slightly below expectations at $122m, up 14%, versus an analyst consensus of $128.2m and fourth quarter guidance from the company suggested the shortfall would not be made up.
The Cambridge-based group explained current data suggested a revenue increase of "similar dollar
value to previous years" but implied licence revenues would compensate.
ARM said it entered the final quarter of 2013 with a record order backlog and a robust opportunity pipeline, a combination that indicated "another strong quarter for licensing revenue in the fourth quarter" and that it expected group revenues for the quarter to be in-line with current market expectations of approximately $290m.
Analysts at Investec noted this slightly lower royalty number would fuel negative opinion.
"The bears will focus on the royalty progression and while the company was at pains to temper royalty expectations at the last results update, consensus has drifted upwards.
"The downgrades to royalty expectations could temper some of the positive from the licence beat."
ARM said many of its new customers were planning to use its technology in emerging applications such as fingerprint recognition, internet-of-things, and wearable digital devices.
The most popular licences bought during the quarter were for ARM's Cortex-M range of processors, which is designed to be used by the "internet-of-things" market, for communication between devices, with eight of its 11 new customers signing up as well as 10 existing clients.
The company added that customers also signed five further licenses for its Mali graphics processors, four of whom were licensing it for the first time.
Engineering company Renold, which supplies industrial chains and related power transmission products, said full-year results were likely to top hopes following the closure of a UK plant.
Renold said it had finished consulting staff and unions about the proposed shutdown of its Bredbury chain factory and would now close most of the site in the first quarter of the next financial year.
The group said underlying revenue in the six months to September 30 fell 2.3% against the same time a year ago. But it made good progress in improving contribution margins which fully offset the volume reduction in the period.
In addition, overhead reductions which benefitted the second half of the prior year by £2m provided similar savings in the first half of the current year.
The group said first-half underlying adjusted operating profit would be substantially better than the first half of the prior year, although annual results would depend on the Bredbury closure and associated activities.
Second-half results should be similar to the first half and full-year results were likely to be substantially ahead of market expectations.
Chief Executive Robert Purcell said: "The closure of our Bredbury facility is a necessary step in re-engineering our business.
"The closure will significantly lower our break-even point and will add to the cost reductions being delivered in other parts of the group. We retain our focus on continuous improvement in our key business processes to deliver the first, self-help phase, of our turnaround plan."