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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.

 

TweakTown image news/2/2/22519_01_qualcomm_doing_well_q1_earnings_see_revenue_up_40_takes_1_4_billion_in_profit.jpg

 

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.

NEWS SOURCES:Engadget.com

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