Qualcomm reported quarterly revenues of $2.67 billion, a 6-percent increase year-over-year. The company reported $1.27 billion in operating cash flow, which was a 63-percent decrease year-over-year. It attributed the drop in cash flows to license and settlement agreements with Nokia. Dr. Paul E. Jacobs, chairman and CEO of Qualcomm said “I am very encouraged by customer traction around Qualcomm technologies, including recent device announcements based on our industry-leading Snapdragon chipset and increased adoption of our Brew Mobile Platform operating system”.
