Qualcomm posts FQ4 and FY2012 earnings with record revenues
Time for reports and counting profits. Qualcomm is yet another of the big-business companies that has posted its FQ4 and FY2012 results. For the quarter, the popular chip maker hit record revenues of $4.87 billion, up 18-percent year-over-year. Net income rose by 20-percent (again year-over-year) to $1.27 billion.
Looking at the picture for the whole year, earnings are just as impressive. 2012 brought $19.12 billion in revenues, up 28-percent. Net income for the year was up 43-percent to $6.11 billion as well. And it doesn’t look like this growth is going to slow any time soon!
CEO Dr. Paul E. Jacobs expressed great satisfaction (well deserved!) with these results, and explained:
“We delivered record revenues, earnings and MSM chipset shipments driven by increasing global consumption of wireless data across a diverse range of devices, particularly smartphones. As we continue to invest in and execute on our strategic priorities, our broad licensing program and industry-leading Snapdragon and 3G/LTE chipset roadmap position us for double-digit revenue growth again in fiscal 2013.”
Take a look at the source link below if you’re into finance.