Qualcomm records stellar quarter to December 25, 2011

Qualcomm has reported record quarterly revenues for the first quarter of fiscal 2012 ended December 25, 2011. The company posted revenues of US$4.68 billion, a rise of 40 per cent on the previous year.

Net income was up by 20 per cent to US1.4 billion. Operating income was also up, by 24 per cent to US $1.55 billion.

Operating cash flow was US$1.78 billion, representing 38 per cent of revenues.

Mobile Station Mobile chipset shipments were 156 million units, up 32 per cent year-on-year and 23 per cent sequentially.