SoftBank Group Corp. reported a third-quarter FY21 revenue growth of 6 percent Y/Y to ¥1.6 trillion ($13 billion). Arm revenue grew 20.6 percent Y/Y to ¥66 billion ($571 million). The gross profit expanded 12.5 percent Y/Y to ¥841.9 billion ($362 million). SoftBank’s net income declined 95.1 percent Y/Y to ¥59.2 billion ($512 million). EPS was ¥11.43. Softbank generated ¥2.4 trillion ($20.7 billion) in operating cash flow during the nine months ended Dec. 31, 2021, and held ¥4.6 trillion ($39.8 billion) in cash and equivalents. SoftBank informed that it is exploring initial offering plans for Arm Ltd. after NVIDIA corp. planned to ditch the idea of its takeover amid regulatory challenges. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.