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.