Tuesday, April 18, 2006

Qualcomm Posts Revenues $1.83 Billion, up 34%

QUALCOMM reported quarterly revenue of $1.83 billion, up 34 percent year-over-year and 5 percent sequentially. Net income was $593 million, up 11 percent year-over-year and down 4 percent sequentially. Diluted earnings per share were $0.34, up 10 percent year-over-year and down 6 percent sequentially.

"QUALCOMM's record revenue this quarter was driven by greater overall CDMA handset shipments and record demand for our chipsets," said Dr. Paul E. Jacobs, CEO of QUALCOMM. "I am pleased that demand for our chipsets was spread across our broadly segmented products with particular strength in higher tier chipsets for CDMA2000 1xEV-DO and WCDMA/HSPDA and in the lower tier MSM6000 chipsets for CDMA2000 emerging markets."http://www.qualcomm.com