SoftBank Clocks 6% Revenue Growth In Q3

SoftBank Group Corp SFTBY reported a third-quarter FY21 revenue growth of 6% Y/Y to ¥1.6 trillion.
Arm revenue grew 20.6% Y/Y to ¥66 billion.
The gross profit expanded 12.5% Y/Y to ¥841.9 billion.
SoftBank's net income declined 95.1% Y/Y to ¥59.2 billion. EPS was ¥11.43.
Softbank generated ¥2.4 trillion in operating cash flow during the nine months ended December 31, 2021, and held ¥4.6 trillion in cash and equivalents.
SoftBank informed that it is exploring initial offering plans for Arm Ltd after NVIDIA Corp NVDA planned to ditch the idea of its takeover amid regulatory challenges.
Price Action: SFTBY shares closed higher by 3.24% at $23.23 on Monday.