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Qualcomm Calls Amazon Pact a Landmark Deal, Backs $15B Data-Center Goal

Source: marketbeat.com

Technology & InnovationCorporate Guidance & OutlookCompany Fundamentals
Qualcomm Calls Amazon Pact a Landmark Deal, Backs $15B Data-Center Goal

Qualcomm CFO and COO Akash Palkhiwala characterized the company’s newly announced multiyear agreement with Amazon as a landmark deal for its expanding data-center business. Management said the agreement supports Qualcomm’s previously disclosed growth targets, providing a positive validation of its data-center strategy.

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