Qualcomm posts positive financials
By Will Park on Thursday, April 24th, 2008 at 1:32 PM PST In Announcements, Financial
There’s no amount of legal battling or even a federal trade embargo that’s going to keep this chip-making giant from rising to the top. Case in point, Qualcomm (NSDQ: QCOM)’s latest financial statements show that, despite all the legal costs associated with fighting IP battles the world over, the company has managed to rake in $2.61 billion in revenue - a 17% increase from $2.22 billion for the same period last year. And, net income was posted at $766 million - a 6% increase from $726 million for the same quarter last year.
With Qualcomm working to bring its tech-expertise to the coming onslaught of Google Android-powered handsets, the future is looking ever brighter for the California-based company. And, as such, Qualcomm is looking toward an 8-16% revenue increase for the coming quarter.
Well done, Qualcomm.
[Via: MocoNews]
