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General

Broadcom grows quarterly sales 2.7%

Friday 31 July 2015 | 08:31 CET | News
Broadcom reported second-quarter revenue of USD 2.1 billion, up 1.8 percent from the first quarter and 2.7 percent more than a year earlier. Net profit rose to USD 386 million or USD 0.63 per share from a net loss net loss of USD 1 million or USD 0.00 per share for the second quarter of 2014. Broadcom said revenue growth was driven the high-end smartphone, broadband access and networking markets. Profits included USD 22 million in costs related to the company's planned merger with Avago. The company will not hold conference calls on results until the Avago deal is completed. 

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Categories: General
Companies: Broadcom
Countries: World
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