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November 8, 2012

Qualcomm reports 18% rise in Q4 revenues

The company shipped 141 million chips in the quarter

By CBR Staff Writer

Chipmaker Qualcomm has reported 18% rise in its revenues to $4.87bn for the fiscal fourth quarter of 2012, compared to $4.11bn it recorded during the corresponding period last year.

The company posted a net income of $1.27bn, or $0.73 per diluted share, for the quarter, compared to $1.05bn, or $0.62 per diluted share, for the same period in the corresponding year.

Operating income was $1.24bn for both the quarters of 2012 and 2011.

The company shipped 141 million chips in the quarter, an increase of 11% from a year ago.

Qualcomm’s revenue from licensing fees increased 15% during the period to $1.66bn while its revenue from equipment and services increased 20% to $3.21bn.

Qualcomm chairman and CEO Paul Jacobs said: "As we continue to invest in and execute on our strategic priorities, our broad licensing program and industry-leading Snapdragon and 3G/LTE chipset roadmap position us for double-digit revenue growth again in fiscal 2013."

For the current fiscal year, the chipmaker anticipates per-share earnings of $4.12 to $4.32 a share on revenue of $23bn to $24bn.

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Qualcomm expects an adjusted per-share profit of $1.08 to $1.16, with revenue of $5.6bn to $6.1bn For the first quarter.

The majority of Qualcomm’s revenue comes from baseband chips, which connect phones to cellular networks, sold to wireless device makers such as South Korea based Samsung Electronics, US based Apple and Taiwanese HTC.

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