"We continue to execute on our strategic objectives and are pleased to see positive momentum in the marketplace. The fundamental drives of our business remain strong, and based on the current business outlook, we are raising fiscal 2008 revenue and earnings per share guidance." During the company's conference call, Jacobs added that though there has been recent concern surrounding the U.S. economy, Qualcomm's businesses are geographically diversified and a significant portion of revenues are from international customers, prompting the rise in earnings guidance. The company also expects to benefit from the increased growth in mobile banking. In March Citibank announced that Citicard's members would have real-time, secure access to their account information — anytime, anywhere — on their wireless handset through Qualcomm's Firethorn subsidiary.