QUALCOMM Reports Q1 Revenues $2.22 Billion, up 21%

QUALCOMM reported record revenue of $2.22 billion, up 21 percent year-over-year and 10 percent sequentially, for the second quarter of fiscal 2007 ended April 1, 2007. Net income (GAAP) was $726 million, up 22 percent year-over-year and 12 percent sequentially.



"We are pleased to report that the 3G CDMA-based market continues to grow at a rapid pace. Our results reflect strong year-over-year growth in CDMA2000 and WCDMA chipsets and handsets driving record revenue and earnings per share," said Dr. Paul E. Jacobs, chief executive officer of QUALCOMM. "Based on our current outlook, thanks primarily to stronger than expected chipset demand across our product portfolio and higher CDMA2000 handset shipments, we are raising our fiscal 2007 revenue and earnings per share guidance."http://www.qualcomm.com