Qualcomm revenue last quarter amounted to 5.1 billion dollars.
Qualcomm, which ended December 29 in the first quarter of fiscal year 2020, published a report.
Qualcomm revenue for the quarter was $ 5.077 billion. The year before, it was equal to 4.842 billion dollars. Operating profit for the year increased from $ 710 million to $ 1.03 billion, but net profit decreased from $ 1.68 billion to $ 925 million. Note that research and development expenses increased from $ 1.269 billion to $ 1.406 billion.
During the quarter, the manufacturer returned to shareholders almost $ 1.5 billion. In the form of dividends, $ 710 million was paid, and $ 762 million was spent on the purchase of shares. The company’s assets at the end of the quarter were estimated at $ 33.111 billion, of which $ 11.109 billion accounted for cash and cash equivalents.
In the future, the manufacturer expects “stable and long-term sales growth” associated with the appearance on the market of smartphones with support for 5G networks.