Qualcomm reported revenue of $6.2 billion for its fourth quarter of fiscal 2016, up 13% over the same period a year ago. Net income came in at $1.6 billion, up 51% YoY, or $1.16 per diluted share. Revenue for the full fiscal 2016 amounted to $23.6 billion.
“Our fiscal fourth quarter EPS was above the high end of our expectations, reflecting new license agreements in China and strong chipset shipments,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We are forecasting continued growth of global 3G/4G device shipments in calendar year 2017, led by growing demand in emerging regions. We are well positioned to extend our mobile technology leadership and footprint into attractive growth opportunities, accelerated by our recently announced agreement to acquire NXP.”
