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Home  >  Austin Accountants  >  Qualcomm profit increase in Q4

Qualcomm profit increase in Q4

Posted on Wednesday, November 2nd, 2011 at 9:04 pm.

The Q4 for Qualcomm Inc. was $1.056 billion which equates to $0.62 per share. This net income is significantly up from last year’s Q4 profit which was $865 million or $0.53 per share.

The telecommunication company stated that their total revenue for the quarter was $4.117 billion. This is up significantly from last year’s Q4 where the company made $2.952 billion after accounting for discontinued operations.

The 2012 fiscal year is expected to yield $17.30 billion for total revenue. Qualcomm Inc. believes that their overall revenue for 2012 will be between $18 billion and $19 billion.

If you are interested in corporate financial accounting assistance, please contact the Austin Corporate Accountants of Austin Accounting.