Qualcomm’s revenue for the year decreased by 10%, net profit — on 36%

Qualcomm has published a report for the second quarter of 2017 financial year. She this reporting period ended March 26.

Qualcomm revenue for the three months amounted to 5.0 billion dollars, having decreased in comparison with the same period last year by 10%. Compared to the previous quarter revenue was 16% less.

Operating profit for the reporting period amounted to 0.7 billion dollars. This is 48% less than ago and 6% lower than in the previous quarter.

Net income amounted to 0.7 billion dollars, which is 36% less than a year ago, but 10% more than in the previous quarter.

The drafters of the report note that his results were affected by the payment of $ 974 billion related to the arbitration decision in favor of BlackBerry, and the penalty for violating South Korean antitrust laws in the amount of 868 million dollars imposed by the KFTC.

Source: Qualcomm



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