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Qualcomm reports 4 percent rise in quarterly revenue

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Reuters
Last Updated : Jul 26 2018 | 1:45 AM IST

(Reuters) - Qualcomm Inc reported a 4.2 percent rise in quarterly revenue on Wednesday, helped by demand for its latest Snapdragon chipset from smart phone customers including Samsung Electronics Co Ltd and Xiaomi Corp .

Revenue rose to $5.60 billion in the quarter ended June 24 from $5.37 billion a year earlier.

Net income attributable to Qualcomm rose to $1.22 billion or 82 cents per share, from $866 million, or 58 cents per share a year earlier.

(Reporting by Sonam Rai and Stephen Nellis; editing by Patrick Graham)

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First Published: Jul 26 2018 | 1:38 AM IST

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