Qualcomm's Net Profit In The Fourth Quarter Is $1.06 Billion

Qualcomm today announced fourth quarter and full year earnings in the fiscal year of 2011

. The report shows that Qualcomm's fourth-quarter net profit is $ 1.06 billion, an increase of 22% compared with the same period of the last year. The revenue is 4.12 billion U.S. dollars, an increase of 39 percent over last year, exceeding analysts' expectations. In addition, Qualcomm's forecast of the first-quarter earnings in 2012 also topped analysts' estimates. Affected by this, Qualcomm's shares rose more than 9% in the after-hours trading.

Excluding special one-time items, Qualcomm's fourth-quarter net profit is $ 1.37 billion, earnings per share of 80 cents. The results topped analyst expectations. The analysts on average had expected its fourth-quarter earnings per share to be 78 cents.

Qualcomm's fourth-quarter operating cash flow is 1.82 billion U.S. dollars, an increase of 67% compared with the same period of the last year, accounting for 44% of its revenues. Qualcomm's fourth-quarter effective tax rate is 20%.

Qualcomm's fourth-quarter revenue from equipment and services is $ 2.673 billion, higher than last year's $ 1.95 billion. The revenue from licensing and royalties is $ 1.444 billion, higher than last year's $ 1.002 billion. Qualcomm's total operating expenses in the fourth quarter are $ 2.879 billion, higher than last year's $ 1.994 billion.

Among them, the revenue cost of equipment and services is 1.497 billion U.S. dollars, higher than last year's $ 926 million. The R & D expenditures are $ 851 million, higher than last year's $ 628 million. The selling, general and administrative expenses are $ 531 million, higher than last year's $ 440 million.

Qualcomm's CDMA Technologies Group's revenue in the fourth quarter is $ 2.587 billion, an increase of 39%. The pre-tax profit is $ 569 million, an increase of 10%. Qualcomm Technology Licensing's revenue is $ 1.361 billion, an increase of 48%. The pre-tax profit is $ 1.193 billion, an increase of 58%. QUALCOMM Wireless and Internet Group's revenue is $ 163 million, a decrease of 5%. The pre-tax loss is $ 5.0 million. The pre-tax loss was $ 2.0 million at the same period of the last year.

Qualcomm's revenue in fiscal year 2011 is $ 14.96 billion, a growth of 36% compared with the fiscal year 2010. The net profit is $ 6.08 billion, a growth of 33% compared with the fiscal year 2010. The operating profit is $ 6.08 billion, a growth of 41% compared with the fiscal year 2010. Qualcomm's effective tax rate was 21% in the fiscal year 2011.

by: Amanda Xia

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