Qualcomm Result 21/04/2016

Qualcomm reported Q2 net profit of $1.1 billion, up 10% YoY from $1.0 billion. Turnover was $5.5 billion, down 20% YoY from $6.9 billion. For the six month period, net profit was $2.6 billion, down 12% YoY from $3 billion. Turnover for the same period was $11.3 billion, down 19% YoY from $14 billion. The increase in net profit was despite the decline in turnover and turnover from both chipmaking and licensing businesses.