Qualcomm posted record revenues of $3.35 billion for its fiscal first quarter of 2011, up 13 percent on the previous quarter and 25 percent on the same time last year.
Income was also up, with operating income showing an increase of 33 percent sequentially and 26 percent year-on-year to $1.11 billion. Net income was $1.17 billion, an increase of 35 percent compared to the previous quarter and 39 percent compared to 2010.
Diluted earnings per share were $0.71, up 34 percent on the previous quarter and 39 percent on the previous year. Cash dividends of $0.19 per share, or $309 million in total, was also paid.
Despite the high growth seen by Qualcomm, operating cash flow was only $48 million, down a massive 96 percent due to an income tax payment of $1.5 billion. The effective tax rate of the quarter was recorded at 12 percent.
Motorola Mobility posted its results for the fourth quarter of 2010, with revenues up 21 percent on the previous year to $3.4 billion. Home net revenue accounted for $1 billion of this.
In the Mobile Devices division net revenue was up 33 percent on 2009 to $2.4 billion, thanks to shipments of 4.9 million smartphones.
Operating earnings were at $72 million, with $54 million of this coming from the domestic market. Operating cash flow was at $225 million.
Despite the good fourth quarter, Motorola Mobility’s outlook for the first quarter of 2011 is less positive, with a net loss of $26 million to $62 million, amounting to a net loss per share of $0.09 to $0.21.
Citrix’s fourth quarter 2010 results showed increased revenue across the board, up 17 percent in the product licence department, up 13 percent from licence updates, up 16 percent for online services, up 40 percent for technical services, and up 27 percent, 7 percent and 15 percent respectively for the Americas, EMEA and Pacific regions.
Operating cash flow was up to $179 million, a slight increase on 2009’s figure of $178 million. Citrix also bought some of its old shares back, totalling 1.9 million at an average price of $65.90.
Citrix expects net revenue of $470 million to $475 million in the first quarter of 2011, with diluted earnings per share of $0.27 or $0.28. The effective tax rate will be around 22 or 23 percent, thanks to a restructuring effort.
Nintendo posted its consolidated results for the nine months ending in December 31, 2010. Net sales were 808 billion yen ($9.7 billion), a decrease of 31.7 percent on the same period in 2009, when net sales were at 1,182 billion yen ($14.2 billion).
Operating income was at 159 billion yen ($1.9 billion), down 46.5 percent on 2009. Ordinary income was down 74.4 percent to 80 billion yen ($963 million). Finally, net income was also down 74.3 percent to 50 billion yen ($602 million).
Nintendo blamed the poor results on “slower sales” and “appreciation of the yen”, with the latter accounting for a loss of 84.4 billion yen ($1 billion) in exchange costs alone, thanks to 84 percent of Nintendo’s business being overseas.
Acer posted its preliminary financial results for 2010, revealing record revenues of NT$629.7 billion ($19.9 billion), an increase of 9.7 percent on the previous year. Operating income was also up 18.6 percent to NT$18.2 billion ($575 million).
Acer’s fourth quarter 2010 results were not as good as expected, with consolidated revenues down 11 percent to NT$149.7 billion ($4.7 billion) when compared to the same quarter in 2009. Operating income was also down 11.8 percent on 2009 to NT$4.4 billion ($139 million). Acer blamed these results on economic worries in Eruope and “unfavourable weather”.