Qualcomm Incorporated has posted its results for the fiscal fourth quarter and year ended September 29, 2013.
For the fourth quarter of fiscal year 2013, the company?s GAAP results were as follows:
Qualcomm?s revenues stood at $6.48 billion, a 33 per cent year-over-year (y-o-y) and a 4 per cent sequential increase. Its operating income stood at $1.59 billion, a 29 per cent y-o-y increase, while net income stood at $1.50 billion, an 18 per cent y-o-y increase.
Diluted earnings per share stood $0.86, an 18 per cent y-o-y increase and a 4 per cent decline sequentially. Operating cash flow was $2.52 billion, a 79 per cent y-o-y increase. This accounted for 39 per cent of the company?s revenues.
Key Business Metrics
For the fourth quarter of fiscal year 2013, Qualcomm?s MSM chip shipments increased by 35 per cent y-o-y, to 190 million units.
Total reported device sales in the June quarter stood at approximately $60.2 billion, a 29 per cent y-o-y increase. Meanwhile, the estimated number of 3G/4G device shipments in the June quarter stood at between 260 and 264 million units, at an estimated average selling price of between $227 and $233 per unit.
Cash and Marketable Securities
The company?s cash, cash equivalents and marketable securities totaled $29.4 billion at the end of fiscal 2013, compared to $26.8 billion a year ago and $30.4 billion at the end of the third quarter of fiscal 2013.
On October 24, 2013, the company announced a cash dividend of $0.35 per share payable on December 19, 2013 to stockholders of record as of December 2, 2013. During the fourth quarter of fiscal 2013, Qualcomm repurchased and retired 50.7 million shares of common stock for $3.32 billion.
