Wednesday, November 6, 2013

Qualcomm's Sales Continue 33% YoY

Qualcomm reported quarterly revenue of $6.48 billion, up 33 percent year-over-year (y-o-y) and 4 percent sequentially. Net income was $1.50 billion, up 18 percent y-o-y and down 5 percent sequentially.

MSM chip shipments in the quarter came in at 190 million units, up 35 percent y-o-y and 10 percent sequentially.

"I am very pleased with our record financial performance this year as we delivered revenues of $25 billion, up 30% versus last year. Our technologies underpin the global growth of wireless data, and our semiconductor solutions are used across the industry's flagship smartphones," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "Looking forward, we expect continued strong growth of 3G and 3G/4G multimode devices around the world, particularly in China with the anticipated launch of LTE. Qualcomm remains well positioned from a growth standpoint, and we expect double-digit compound annual growth rates for both revenues and earnings per share over the next five years."