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%

| Feb 2, 2012 at 5:38 pm CST

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.

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

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.

Last updated: Apr 7, 2020 at 11:25 am CDT

NEWS SOURCE:engadget.com

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Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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