Tech content trusted by users in North America and around the world
6,789 Reviews & Articles | 46,891 News Posts
TRENDING NOW: Xbox Two and PS5 expected in 2018, powered by AMD with 4K support

Qualcomm doing well, Q1 earnings see revenue up 40%, takes $1.4 billion in profit

Qualcomm have a good Q1, $1.4 billion in profit with revenues up 40%
| Business, Financial & Legal News | Posted: Feb 2, 2012 11:38 pm

System-on-a-chip extraordinaire, Qualcomm, have posted their Q1 2012 financial results, with a very nice $4.68 billion in revenue for Q1, a 40-percent increase year-over-year, and 14-percent higher than just last quarter.




Profits were up, too, at $1.4 billion, a 20-percent increase year-over-year, and a 33-percent increase sequentially. MSM chip shipments were great for Qualcomm, seeing 156 million units shipped, a 23-percent increase from last year. September quarter total reported device sales are quite staggering, with approximately $41.4 billion in sales, up 22-percent year-over-year and 6-percent sequentially.


Qualcomm's cash equivalents and marketable securities now total $22 billion at the end of the first quarter of fiscal 2012.


Qualcomm are going quite well, and I think this year will see a continuation of that effort.


Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases