Published Qualcomm report for the third quarter of the 2017 financial year
Qualcomm has published the report for the third quarter of the 2017 financial year, ended it on June 25. According to the CEO of the company, the results were better than expected.
Income for the period amounted to 5.4 billion dollars. This was 7% more than in the previous quarter, when revenue amounted to 5.0 billion dollars, but 11% less than the figure of 6.0 billion recorded in the third quarter of fiscal 2016.
Operating profit was $ 0.8 billion. This was 6% more than in the previous quarter, when operating profit was equal to 0.7 billion dollars. Compared with the previous year, equal to $ 1.6 billion, have seen a decline of 51%.
Qualcomm net profit was equal to 0.9 billion us dollars, 16% more than in the previous quarter, when this figure was equal to 0.7 billion us dollars, but 40% less than last year $ 1.4 billion.
The report authors explain that the results of the quarter include the payment of 940 million dollars to BlackBerry and 927 million dollars of the fine imposed by the Korean trade Commission, as well as the effect of the action of Apple to ban their production partners to pay Qualcomm license fees.
As at the end of the quarter in a Qualcomm had cash and cash equivalents in the amount of 37.8 billion dollars.