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Qualcomm quarterly profit falls 44%
2015-11-05 00:05:00| Telecompaper Headlines
(Telecompaper) Qualcomm reported a sharp fall in results for its fiscal fourth quarter to September, hurt by a slowdown in China sales after forced changes to its licensing practices there. Revenues declined 18 percent year-on-year to USD 5.5 billion. This was towards the high end of its outlook, as MSM shipments came in stronger than expected, helping offset the delays to agreeing new licences in China. Net profit dropped 44 percent to USD 1.1 billion, and EPS declined 40 percent to USD 0.67, also in line with the chipmaker's forecast. The result included USD 190 million in restructuring charges for the company's earlier announced strategic realignment plan. Qualcomm said it was on track to deliver the cost reductions planned for the next year and was also receiving a good reception for its new flagship processor, the Snapdragon 820. The company said it aims to "exit fiscal 2016 on an improved financial trajectory". However, the company said it would no longer give guidance for annual results and only provide a limited quarterly forecast. For fiscal Q1 of the new year, it expects a continued drop in results. with revenues down 15-27 percent year-on-year to USD 5.2-6.0 billion. EPS is forecast to fall 23-32 percent to USD 0.80-0.90. MSM shipments are estimated at 225-245 million, an improvement from 203 million in the previous quarter but still down 9-17 percent on an annual basis.
Tags: falls
profit
quarterly
qualcomm
Qualcomm Announces New Modem Solutions Designed to Support Reliable, Global Connectivity to the Internet of Things
2015-10-30 11:31:11| Industrial Newsroom - All News for Today
- New MDM9207-1 Enables Scalable, Power-Efficient and Cost-optimized Cat 1 LTE Connectivity - - New MDM9206 Provides a Path to LTE Cat-M (eMTC) and NB-IOT Standards - SHENZHEN, China - Qualcomm Incorporated (NASDAQ: QCOM) today announced that its subsidiary, Qualcomm Technologies, Inc., has introduced its latest...
Tags: internet
support
things
designed
Qualcomm Announces IP Camera Reference Platform with High-end Processing, Imaging and Analytics Capabilities to Advance Security Cameras
2015-10-30 11:31:11| Industrial Newsroom - All News for Today
-- Powerful 64-bit Heterogeneous Processing, Advanced Analytics and 4G LTE Redefine the IP Camera -- SHENZHEN, China - Qualcomm Incorporated (NASDAQ: QCOM) today announced that its subsidiary, Qualcomm Technologies, Inc., unveiled the Qualcomm Snapdragon 618 IP camera reference design and development platform...
Tags: reference
security
camera
processing
Qualcomm Unveils Muscle Camera for Surveillance Systems
2015-10-28 21:13:50| TechNewsWorld
Qualcomm on Tuesday announced a muscle video camera for surveillance systems. Part of the company's Snapdragon 618 IP camera platform, it combines a six-core, 64-bit processor; next-generation graphics crunching; and embedded digital signal processing. The unit can perform advanced video analytics, which can reduce cloud processing and storage costs provide more reliable analytics, Qualcomm said.
Tags: systems
camera
muscle
surveillance
Qualcomm Unveils Snapdragon-powered Security Camera
2015-10-28 21:04:36| Wireless - Topix.net
Qualcomm is a company that is known primarily for their chipsets, which for the most part has found its way into smartphones and tablets around the world. However it looks like the company is starting to branch out as they have recently What this means is that Qualcomm won't actually be building and selling these cameras themselves, but rather they will sell the design to companies who are interested.
Tags: security
camera
unveils
qualcomm
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