Qualcomm Incorporated has announced results for the fiscal fourth quarter and year ended September 29, 2013. As per the fourth quarter fiscal report 2013, the company received revenues of $6.48 billion, up 33 per cent year-over-year (y-o-y) and 4 per cent sequentially. The operating income went up 29% Y-o-Y and 4% down sequentially. Operating cash flow was $2.52 billion, up 79 per cent y-o-y. The effective tax rate was 18%. Moreover, the net income was $1.50 billion, up 18% Y-o-Y and down 5% sequentially.
I am very pleased with our record financial performance this year as we delivered revenues of $25 billion, up 30% versus last year. Looking forward, we expect continued strong growth of 3G and 3G/4G multimode devices around the world, particularly in China with the anticipated launch of LTE. Qualcomm remains well positioned from a growth standpoint, and we expect double-digit compound annual growth rates for both revenues and earnings per share over the next five years, said Dr Paul E. Jacobs, Chairman & CEO, Qualcomm.
June quarter total reported device sales: approximately $60.2 billion, up 29 per cent Y-o-Y and 7 per cent sequentially.
For Fiscal 2013, revenues were $24.87 billion, up 30 per cent Y-o-Y, operating income at $7.23 billion, up 27 per cent Y-o-Y, whereas the net income was $6.85 billion, up 12 per cent Y-o-Y.
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