Qualcomm has just posted its FQ4 and FY2012 (fiscal quarter/year, not calendar quarter/year) results. For the quarter, the popular chip maker hit record revenues of $4.87 billion, up 18-percent year-over-year. Net income rose by 20-percent (again year-over-year) to $1.27 billion.
For the year, earnings were just as impressive. 2012 brought $19.12 billion in revenues, up 28-percent. Net income for the year was up 43-percent to $6.11 billion as well. CEO Dr. Paul E. Jacobs had this to say about the earnings:
"I am very pleased with our performance this year. We delivered record revenues, earnings and MSM chipset shipments driven by increasing global consumption of wireless data across a diverse range of devices, particularly smartphones. 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."
Things are looking good for Qualcomm, and it doesn't look like this growth is going to slow any time soon. Take a look at the source link below if you're into finance.
Source: Qualcomm Investor Relations