Chipset IP company Qualcomm (NASDAQ: QCOM) has announced its Q1 FY2011 results for the 3 months ending 26 December 2010.
Revenues were $3.35 billion, up 25 percent year-on-year.
Net income was $1.17 billion, up 39 percent.
Operating cash flow was $48 million, down 96 percent, due to a $1.5 billion income tax payment.
Up and up
During Q1, the company shipped 118 million chips, up 28 percent year-on-year.
"We are very pleased to report record revenues, earnings per share and MSM chipset shipments this quarter driven by increased demand for smartphones and data-centric devices across an expanding number of regions and price points," said Paul Jacobs, chairman and CEO.
"In addition, we have resolved one of our previously disclosed licensee disputes, which will be reflected beginning with the second fiscal quarter results.
"We continue to execute on our strategic objectives as our partners leverage our technologies and solutions to offer leading wireless products and services to consumers around the globe."
The company ended the quarter with cash, cash equivalents and marketable securities of $19.1 billion, compared to $18.4 billion three months ago.
During the quarter, Qualcomm paid out $309 million to shareholders as a dividend ($0.19 per share).
[source: Qualcomm PDF]
News
When Matt was 7 years old he didn't write to Santa like the other little boys and girls. He wrote to Mario. When the rotund plumber replied, Matt's dedication to a life of gaming was established. Like an otaku David Carradine, he wandered the planet until becoming a writer at Pocket Gamer.
Related Articles
News
Feb 26th, 2024
"The future of generative AI is hybrid": Qualcomm brings on-device AI to next-gen mobiles
as
News
Apr 25th, 2023
Snapdragon Pro Series partners with Activision to bring Call of Duty: Mobile to Mobile Masters
Top Stories
News
Apr 27th, 2024
PocketGamer.biz Podcast Week in Views E09 - Supercell's Squad Busters goes global, Embracer Group splits, and Apple's Vision Pro flops
News
Apr 26th, 2024
Week in Views - Squads busted, Apple crushed, War zoned and Snoozin' with the Snorlax…
Feature
Apr 26th, 2024
Speaker Spotlight: Dubai Future Foundation's Faisal Kazim on leading Dubai's gaming charge
Events
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Develop: Brighton 2024 | Europe | Jul 9th |
Popular Stories
News
Apr 23rd, 2024
Supercell’s Squad Busters soft launches today with over 100,000 Google Play downloads
News
Apr 23rd, 2024