Published Qualcomm report for the first quarter of the 2017 financial year

From Qualcomm on December 25 ended the first quarter of the 2017 financial year. Yesterday, the manufacturer has published the corresponding report.

During the reporting period, he received an income of 6.0 billion. This was 3% less than in the previous quarter, when revenue Qualcomm was equal to $ 6.2 billion, but 4% more than a year ago, when the income of the company amounted to 5.8 billion dollars.

The report shows an operating profit of $ 0.8 billion. This is 57% less than in the previous quarter, when operating profit Qualcomm was equal to 1.8 billion dollars. Compared with the previous year, equal to $ 1.7 billion, operating profit decreased by 54%.

As for net profit, it amounted to 0.7 billion dollars. Compared to the previous quarter, when net income was equal to 1.6 billion us dollars, it decreased by 57%. In comparison with the figure for the first quarter of fiscal 2016, equal to $ 1.5 billion, a decrease of 54%.

In the most important events of the quarter, the report authors attribute the agreement on the purchase of NXP Semiconductors. We will remind, the transaction amount approximately equal to $ 47 billion.

Source: Qualcomm



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