(Telecompaper) Qualcomm's second-quarter revenues rose 4 percent year-over-year to USD 6.37 billion, in line with the company's outlook. Operating income for the three months to March was up 6 percent to USD 1.99 billion, net income increased 5 percent to USD 1.96 billion, and diluted earnings were USD 1.14 per share, up 8 percent from the prior year and better than expected. Operating cash flow declined 18 percent to USD 1.81 billion, and the chipmaker ended the quarter with cash of USD 32.1 billion. During the quarter, the company's MSM chip shipments rose 9 percent to 188 million units, and Qualcomm expects this to increase to 198-213 million in the fiscal third quarter. Revenues for the June quarter are expected flat to up 9 percent compared to a year ago, at USD 6.2-6.8 billion, while EPS will increase an estimated 9-20 percent to USD 0.98-1.08. Qualcomm maintained its outlook for 5-11 percent growth in annual sales and increased its EPS forecast, helped by its ongoing share buyback.