let look into interview of qualcomm cristiano amon nuvianellisreutersQualcomm, the mobile technology company, has been in the news lately for a number of reasons. Chief among them is the investigation by the U.S. Department of Justice into whether or not the company violated antitrust laws by excluding rivals from bidding on contracts to supply cellular technology to U.S. carriers. We spoke with Cristiano Amon Nuvianellis, senior vice president and general manager Americas for Qualcomm, about all this news and more. In this brief interview, he discusses the DOJ investigation, how Qualcomm plans to weather it, and the impact that mobile technology has had on both business and society over the years.
Cristiano Amon Nuvianellis, Qualcomm’s Chief Financial Officer
Qualcomm’s Chief Financial Officer, Cristiano Amon Nuvianellis, spoke with Reuters about the company’s outlook for the year. Qualcomm expects sales growth to slow down in 2017 as competition intensifies from rivals such as Apple and Samsung. However, the company expects its net income to grow by around 25%. Amon Nuvianellis also discussed the company’s strategy for product development and how it plans to offset increased competition.
Qualcomm Announces Quarterly Results
Qualcomm Incorporated (NASDAQ:QCOM) today announced its financial results for the quarter ended March 31, 2019. Highlights included continued strong revenue growth and market share gains, as well as improving profitability despite higher operating expenses.
“We’re incredibly excited about the progress our company is making, with revenue growing 12% year over year and market share gains across all our platforms,” said Cristiano Amon Nuvianellis, President and Chief Executive Officer of Qualcomm. “We look forward to continuing this momentum in the future.”
First Quarter 2019 Highlights:
Revenue grew 12% year over year to $12.5 billion
Productivity and performance increased across all platforms including mobile phones, automotive and IoT devices
Operating income improved 3%, reaching $2.1 billion due to lower operating expenses and stronger product mix
Qualcomm Reports First Quarter 2018 Results
Qualcomm today reported first quarter 2018 results that beat analyst expectations, driven by strong performance in its largest business segments.
“We delivered first-quarter results that outperformed consensus and our long-term targets,” said Cristiano Amon Nuvianellis, President and CEO of Qualcomm. “Our differentiated products and services are enabling the continued growth of our operating segments.”
The company’s biggest business segment was its semiconductor division, which generated $7.2 billion in revenue, up 26% year over year. This was helped by increased demand for smartphones, tablets and other mobile devices as well as automotive applications. Its broader divisions also performed well – notably its gaming division, which saw a 58% increase in revenue to $1.4 billion thanks to the explosive growth of mobile gaming.
Looking ahead, Amon Nuvianellis reiterated Qualcomm’s forecast for full-year 2018 revenue of $47 billion to $52 billion and net income of $5.5 to $6.0 billion – both above analysts’ expectations. He added that the company is “well positioned” for continued growth in 2019 and beyond as it gears up for major product introductions later this year including its next-generation Snapdragon platform (expected later this quarter) and 5G technology development efforts.
Cristiano Amon Nuvianellis, Qualcomm’s Chief Financial Officer
Qualcomm’s CFO, Cristiano Amon Nuvianellis, gave a brief interview to Reuters about the company’s recent business performance and outlook. Highlights include:
- Qualcomm expects EPS growth in fiscal 2018 despite increased competition from China
- The company is seeing strong demand for its products in key markets such as China and the US
- Qualcomm plans to continue investing in research and development
Qualcomm CFO Cristiano Amon Nuvianelli gave a brief interview to Reuters about the company’s recent business performance and outlook. Highlights include:
- Qualcomm expects EPS growth in fiscal 2018 despite increased competition from China
- The company is seeing strong demand for its products in key markets such as China and the US
- Qualcomm plans to continue investing in research and development
Cristiano Amon Nuvianellis, Qualcomm’s Chief Financial Officer
Qualcomm’s newest CFO: Cristiano Amon Nuvianellis
Qualcomm’s newest CFO, Cristiano Amon Nuvianellis, has experience in both finance and operations. Prior to joining the chipmaker in March 2017, he was senior vice president and treasurer at Intel Corporation for four years. In that role, he was responsible for Intel’s worldwide financial operations as well as its capital markets initiatives. He also served as Intel’s interim CFO from May to November 2016. Before that, he was vice president and controller of Global Financial Planning at PepsiCo Incorporated from January 2010 to December 2014.
Cristiano Amon Nuvianellis, Qualcomm’s Chief Financial Officer
Qualcomm’s Chief Financial Officer, Cristiano Amon Nuvianellis, sat down with Reuters to discuss the company’s outlook for fiscal 2019 and beyond. Highlights of his discussion include Qualcomm’s expectation that demand for its products will continue to grow as more people adopt 5G technology and artificial intelligence. The company also anticipates a stronger performance in its licensing business, thanks in part to escalating patent litigation activity. Amon Nuvianellis reiterated Qualcomm’s goal of becoming “the most valuable semiconductor company in the world” and said that it plans to grow revenue by 8-10% each year through 2021.
Cristiano Amon Nuvianell
“Qualcomm cristiano amon nuvianellis
Reuters
BRASILIA, Feb 21 (Reuters) – Qualcomm Incorporated’s (QCOM.O) president and chief executive officer Cristiano Amon Nuvianellis said the company is exploring ways to reduce its dependence on China for revenue and will continue to do business in countries like India.
Speaking at a Reuters conference on Monday, Nuvianellis said that as of the second quarter of fiscal 2018 China represented about 41 percent of Qualcomm’s consolidated revenue, but this was down from 46 percent in 2017. He also said that by 2019, Qualcomm expects China’s market share to be “close to zero.”
“We have other markets where we’re doing well,” Nuvianellis told Reuters on Monday. “India is one example, Brazil is another example.
