Qualcomm announces fiscal 2010 revenues of $11bn

Wireless technologies developer Qualcomm has announced results for the fourth fiscal quarter and year ended 26 September 2010.

In accordance with GAAP, fourth-quarter revenues were $3bn (£1.8bn), up 10 per cent year-over-year and nine per cent sequentially.

Operating income was $837m, up 40 per cent from the fourth quarter of 2009 and net income was $865m, up eight per cent.

Operating cash flow for the fourth quarter was $1.1bn and return of capital to stockholders was $427m.

For the fiscal year 2010, revenues were $11bn, up 6 per cent year-over-year.

Operating income was $3.3bn, up 47 per cent from 2009, and net income was $3.25bn, up 104 per cent.

Operating cash flow was $4.1bn, down 43 per cent from last year, and return of capital to stockholders was $4.19bn.