Qualcomm Posts Revenues $2.44 Billion

Qualcomm reported revenues of $2.44 billion, up 21 percent year-over-year and 6 percent sequentially, for its first fiscal quarter of 2008 ended December 30, 2007. Net income was $767 million, up 18 percent year-over-year and down 32 percent sequentially, and diluted earnings per share were $0.46, up 21 percent year-over-year and down 31 percent sequentially.


"We are pleased to report another strong quarter as the demand for CDMA-based devices, applications and services continues to accelerate around the world," said Dr. Paul E. Jacobs, chief executive officer of Qualcomm.


The company reaffirmed its fiscal 2008 pro forma earnings per share guidance.http://www.qualcomm.com