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General

Broadcom keeps FY guidance, raises revenues 8.7% in Q1

Friday 15 March 2019 | 12:21 CET | News
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Broadcom reported higher revenues for its first quarter to end 3 February, and said it will be keeping its guidance for the full year. CEO Hock Tan said results were affected by the anticipated sharp decline at wireless and that demand was impacted by the slowdown in China but that the negative effects were somewhat mitigated by strong results at the company's networking business, which supports Broadcom's semiconductor solutions segment, and by its infrastructure software segment. Cash flow grew 39 percent from the year, supporting the company's goal to return USD 12 billion to shareholders

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Categories: General
Companies: Broadcom
Countries: World
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