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Quote from Paul Jacobs: We delivered record revenues of $19 billion, up 28% versus last year. Earnings, total reported device sales and MSM chipset shipments were also records, was driven by the increasing global consumption of wireless data across a diverse range of devices and particularly smartphones.

We also increased our dividend for the 10th consecutive year and returned $2.9 billion to stockholders in the form of buybacks and cash dividends.


Qualcomm Inc.'s (QCOM) fiscal fourth-quarter profit rose 20% as the chip maker continued to benefit from strong demand for smartphones.

Shares jumped 7.7% after-hours to $62.60 as the company gave an earnings and revenue outlook for the current quarter and year that outpaced most analysts' expectations. The stock is up 6.3% so far this year.

For the current fiscal year, the San Diego semiconductor company expects per-share earnings of $4.12 to $4.32 a share on revenue of $23 billion to $24 billion. Analysts polled by Thomson Reuters recently projected earnings of $4.13 a share on revenue of $21.69 billion.

For the first quarter, the company expects an adjusted per-share profit of $1.08 to $1.16, with revenue of $5.6 billion to $6.1 billion. Analysts expected a profit of $1 a share on revenue of $5.3 billion.


Qualcomm have a very annoying investors webpage that plays the call in Flash, hence the link to the transcript.
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