Qualcomm Reports Higher Profits for 4Q, Year

Qualcomm Inc. said its fiscal fourth-quarter net income rose 22% to $1.06 billion, or 62 cents per share, from $865 million, or 53 cents, a year ago.

Revenue increased 39% to $4.12 billion for the quarter ended Sept. 25, the maker of trucking communication devices and wireless chips said in a statement.

The company said it shipped 127 million units of its CDMA-based mobile station modem devices in the quarter, with sales rising 38% to $39 billion.

In the same period last year it shipped 111 million of units and generated sales of $28 million on the mobile station devices.

CDMA, or code division multiple access, allows several users to share a communications channel, or bandwidth.

For fiscal year 2011, Qualcomm said its earnings climbed 31% to $4.26 billion, or $2.52 per share, on revenue of $15 billion, up 36% from the previous year.

CEO Paul Jacobs said the company delivered record revenue, earnings and MSM chipset shipments this year, driven by the popularity of smartphones and continued adoption of 3G technology.