Qualcomm "Very Pleased" with $15 Billion in Revenue

Posted 11/04/2011 at 9:09am | by Paul Lilly

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Qualcomm came out ahead of what analysts had expected for the mobile chip maker's fourth fiscal quarter ended September 25, 2011. The San Diego-based company saw its revenues jump 14 percent sequentially to $4.12 billion in its fourth fiscal quarter, and 39 percent year-over-year with revenues of $14.96 billion. As the smartphone market continues to grow, Qualcomm keeps on reaping the rewards.

"I am very pleased with our performance this year as we delivered record revenues, earnings and MSM chipset shipments, driven by the popularity of smartphones, continued adoption of 3G technologies, particularly in emerging regions, and our industry-leading patent portfolio," said Dr. Paul E. Jacobs (PDF), chairman and CEO of Qualcomm. "The breadth and depth of our chipset roadmap, extensive licensing program and diverse set of global partnerships position us well for strong revenue and earnings growth in fiscal 2012. We are excited about the upcoming commercial launch of our groundbreaking Snapdragon multimode LTE solution and continue to invest in and execute on our strategic priorities to drive profitable growth."

According to BusinessWeek, even though Qualcomm performed better than outsiders were expecting, internally, Qualcomm was expecting slightly higher numbers.

Going forward, Qualcomm will try to push its popular Snapdragon architecture into more segments behond smartphones, including tablets based on Microsoft's Windows operating system.