QUALCOMM posted Q4 revenue of $2.00 billion, up 28 percent year-over-year and 2 percent sequentially. Net income was $705 million, up 30 percent year-over-year and down 3 percent sequentially. Diluted earnings per share were $0.42, up 31 percent year-over-year and even sequentially.
“We achieved record revenues, net income and operating cash flow. We shipped a record 207 million MSM chips in fiscal 2006 — up from 151 million in fiscal 2005. As of September 2006, there were approximately 402 million subscribers using 3G CDMA-based networks worldwide as compared to approximately 273 million at the same point in 2005,” said Dr. Paul E. Jacobs, CEO of QUALCOMM.
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