Qualcomm has posted its results for the first quarter of fiscal 2013, ended December 30, 2012, say news reports.
The company?s operating income totaled $2.09 billion, a 35 per cent increase, while net income increased by 36 per cent to $1.91 billion, and diluted earnings per share increased by 35 per cent to $1.09.
Qualcomm?s MSM chip shipments increased by 17 per cent from a year earlier and by 29 per cent compared to the previous quarter to 182 million units.
Operating cash flow for the quarter totaled $1.98 billion, an 11 per cent increase from the prior year, and in end-December, the company?s cash, cash equivalents and marketable securities stood at $28.4 billion.
For the second quarter of 2013, Qualcomm expects revenues of $5.8-6.3 billion, non-GAAP diluted earnings per share of $1.10-1.18 and GAAP diluted EPS of $0.98-1.06. The company has raised its outlook for the full year, to sales of $23.4-24.4 billion and EPS of $3.61-3.81.
