Tuesday, January 24, 2006

QUALCOMM Posts Revenue of $1.74 billion, up 25% YoY

QUALCOMM reported quarterly revenues of $1.74 billion, up 25 percent year-over-year and 12 percent sequentially, for its first quarter of fiscal 2006. Net income was $620 million, up 21 percent year-over-year and 15 percent sequentially.

"In emerging wireless markets like China and India, demand for low-end CDMA phones is increasing; in more established markets like the United States, South Korea, Japan and Europe, subscribers continue to migrate and upgrade to feature rich 3G devices and services," said Dr. Paul E. Jacobs, CEO of QUALCOMM.

"Looking forward, we expect continued growth of CDMA2000(R) 1xEV-DO products in North America, Japan, South Korea and Latin America. We remain encouraged by the consumer uptake of WCDMA services in Japan and Europe, and will continue working closely with operators during their ongoing WCDMA and HSDPA network deployment and optimization efforts."http://www.qualcomm.com

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