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Qualcomm Kicks Off 2012 With a Bang

Evan Niu (TMFNewCow)
February 2, 2012

Last quarter, Qualcomm (Nasdaq: QCOM  ) shone bright with results that didn't slack in any department. The company has just kicked off its fiscal 2012 with first-quarter results. How did they come in?

Sales soared 40% to $4.68 billion, with operating income similarly jumping 32% to $1.87 billion. Down below, net income put up a healthy 24% rise, coming out to $0.97 per share in profit. Qualcomm generated just less than $1.5 billion in free cash flow during the quarter, or 32% of sales.

Mobile Station Modem (MSM) chipset shipments increased 32% to 156 million units, higher than its previously issued guidance of between 146 million and 154 million. Total reported device sales added up to roughly $41.4 billion, near the top end of its forecast. Estimated 3G/4G device ship