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General

Broadcom lifts revenues in Q2 in-line with guidance, sees similar performance for Q3

Friday 5 June 2020 | 08:58 CET | News
Broadcom reported results in line with guidance for its fiscal second quarter to 3 May, with CEO Hock Tan talking about a "limited" impact from the coronavirus pandemic. The company said it sees similar figures so far for its fiscal third quarter, with the surge in demand from cloud, telecom and enterprise customers unfortunately offset by supply chain constraints and a substantial reset at mobile. "We remain focused on investing in our diverse set of mission critical semiconductor and software franchises, while carefully managing our expenses in this uncertain environment," Tan said.

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Categories: General
Companies: Broadcom
Countries: World
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