Qualcomm reports 4 percent rise in quarterly revenue
Reuters
Published Jul 25, 2018 22:31
Qualcomm reports 4 percent rise in quarterly revenue
(Reuters) - Qualcomm Inc (O:QCOM) reported a 4.2 percent rise in quarterly revenue on Wednesday, helped by demand for its latest Snapdragon chipset from smart phone customers including Samsung Electronics (LON:0593xq) Co Ltd (KS:005930) and Xiaomi Corp (HK:1810).
Revenue rose to $5.60 billion (4.25 billion pounds)in the quarter ended June 24 from $5.37 billion a year earlier.
Net income attributable to Qualcomm rose to $1.22 billion or 82 cents per share, from $866 million, or 58 cents per share a year earlier.
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Written By: Reuters
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