Qualcomm Is Out With Q4 And Fiscal 2013 Results, And They Look Good

Qualcomm has had a good year with some super launches and announcements. In its latest report, the company has announced its quarterly and yearly earnings. According to the report, Qualcomm has seen a record fiscal year result including $25 billion in revenues, up 30% versus last year. Its stockholders also got a high $6.7 billion of capital returned in fiscal 2013. In the fourth quarter for the company (July-Sep) of 2013, the company posted $6.48 billion in revenues, up 33% year-over-year.

The company’s technologies underpin the global growth of wireless data and the semiconductor solutions, which are used across the industry’s flagship smartphones. Looking forward, Qualcomm expects continued strong growth of 3G and 3G/4G multimode devices around the world, particularly in China, with the anticipated launch of LTE.

The report also says that Qualcomm remains well-positioned from a growth standpoint and expects double-digit compound annual growth rates for both revenues and earnings per share over the next 5 years.

Qualcomm’s growth for the year Oct 2012-Sep 2013 can be put to the strong demand for new and faster devices this year. However, we would like to see more innovations coming from the tech firm. Other than the mobile chipset, the company also provides various other technology solutions, such as the TOQ smartwatch. We are hoping for more improvements from Qualcomm in the year 2014. But it will also be exciting to see what its competitors will do in the coming year.