Islamabad, Nov 8: Qualcomm ended a very strong fiscal Q4 and fiscal year 2024 with very good company performances.
Q4 revenues have increased by 19% to the same Q4 in the previous year while the net income has risen by 96%.
It was a major factor in a 9% Increase in full – year revenue and a 40 percent leap in net profits over fiscal 2023.
It also replenished quite a lot of capital to its shareholders in its fourth quarter of the fiscal 2020.
The company paid out $ 947 million to its shareholders in the form of dividends, making the FY20’s dividend payout reached $ 3.68 billion.
The company repurchased $1.3 billion of stock in the last quarter and overall, for 2014 it repurchased $4.12 billions of its stock.
The Board of Directors in addition has approved a large of $15 billion stock repurchase scheme.
Further breakdown of Qualcomm’s Q4 2024 performance by the division: Increased in many central divisions.
Handsets, the most important source of revenues, generated $6.1 bn, compared with $ 5.5 bn in Q4 2023.
Another segment that experienced growth was the Internet of Things (IoT) which produced revenues of $1.7 billion, up from $1.4 billion the prior year.
Led by the automotive segment, new revenue growth accelerated to $ 899M, up significantly from $535M in Q4 2023.
For the first quarter of fiscal 2025, Qualcomm expecting revenues between $ 10.5 billion and 11.3 billion.
Cristiano Amon, President and CEO of Qualcomm said:
Recent product announcements in Snapdragon Summit and Embedded World are interesting for us as they further advance our technology leadership and market positioning across Handsets, PC, Automotive & Industrial IoT. We continue to advance our growth and diversification opportunities and will report more specific details at the Investor Day on November 19.
