Home » Uncategorized » Qualcomm posts commendable numbers in Q4
Image_45800_tmimage.jpg

Qualcomm posts commendable numbers in Q4

Global telecommunications major Qualcomm has registered good growth numbers in its top line and bottom line in the fourth quarter. The company announced its quarterly results on Wednesday and its press release earmark a jump of nearly 37% in its net income in the last quarter at $538 million vis-à-vis $393 million registered in the corresponding period last year. It means the company has notched operating earnings of 32 cents a share, this is much higher than 23 cents a share in Q4, 2004. The company also saw a hefty jump of 40% in its revenue numbers, they rose to $1.56 billion in its fourth quarter. On an overall annual basis, Qualcomm’s annual revenue went up to $5.76 billion — a jump of 16%, and its net annual income rose by 25% to touch the level of $2.14 billion.

The Q4 results which have beaten market expectations are believed to be on the back of the rising demand for next-generation cellphones, for which Qulacomm’s CDMA technology is much in demand both in developed markets like USA as well as emerging markets in Asia.

The announcement of Qualcomm’s Q4 numbers also gave an upshot to its shares at the leading bourses and in extended trading at Nasdaq, its scrip closed at $41.48 with a gain of 2.7 per cent on Wednesday. Meanwhile, Qualcomm has set its sight on much robust numbers in the next quarter and expects a revenue of $1.67-$1.77 billion, or an operating earnings of 36 cents to 38 cents a share. Analysts are predicting a revenue figure of $1.66 billion for Qualcomm in Q1.

About Ritwik Sinha

Check Also

wii-oculus-rift-hoverboard

Try Oculus Rift And Wii To Roam Around On The Back To The Future Hoverboard

Check out how you can fly in virtual space by using an Oculus Rift and a Wii Balance Board.

131129-amz

Amazon Appstore for Android Holiday Deals, Including Free Apps

There are tons of deals from the Amazon Appstore that will be offered starting now and throughout the holiday shopping season. They say that they will have "hundreds of titles that are eitehr free... or available between 50-90% off" the regular price.

131129-google

Black Friday: Google Play Store Apps, Games and Content on Sale All Weekend

Case in point, if you head over to the Google Play Store right now, you'll find that Google is celebrating all Cyber Weekend with discounts on all sorts of content. This includes many popular apps and games

131129-gtab

Black Friday Deal: Samsung Galaxy Tab 3 10.1-Inch for $100 Off

Did you manage to score any epic Black Friday deals this morning? Are you still ...

131128-diy

Arduino Co-Creator Releases Plans for $200 DIY Mobile Phone

Mellis was one of the people who came up with the now hugely popular Arduino platform and now he has come up with plans for people to build their own cell phone for about $200 in parts.

131128-apple

No Discounts for Apple Black Friday, Just Free Gift Cards

If you were hoping to save yourself some cash as you brave the Black Friday shopping crowds, you'll want to go somewhere other than the official Apple Stores.