Tuesday, April 22, 2008

Qualcomm's Quarterly Revenue Reaches $2.61 billion, up 17% YoY

Qualcomm reported quarterly revenue of $2.61 billion, up 17 percent year-over-year and 7 percent sequentially. Net income was $766 million, up 6 percent year-over-year and even sequentially.

"We delivered another strong quarter as worldwide adoption of 3G CDMA- based products and services continues to accelerate," said Dr. Paul E. Jacobs, chief executive officer of Qualcomm. "Together with our partners, our ongoing focus on innovation, execution and quality provides compelling solutions for the global wireless market. Our financial results reflect another record quarter of both MSM chipset and CDMA-based device shipments."http://www.qualcomm.com


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