SAN DIEGO-Qualcomm’s financial results for the second quarter of fiscal 2003 reflect improvements in revenues, income and earnings.
The company reported revenues of US$1 billion, up 50 percent since last year’s second-quarter figures, which it said was due to increasing global demand for CDMA products. Net income was US$103 million, a 135-percent increase from last year. And earnings were 13 U.S. cents per share, a 160-percent jump from a year ago.
Qualcomm also said it will exit its investment in Brazilian operator V
