Wednesday, July 20, 2005

Broadcom Posts Revenue of $604.9 million, up 9.9% over Q1

Broadcom reported Q2 revenue of $604.9 million, an increase of 9.9% from the $550.3 million reported for the first quarter of 2005 and a decrease of 5.7% from the $641.3 million reported for the second quarter of 2004. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the second quarter of 2005 was $15.1 million, or $.04 per share (diluted), compared with GAAP net income of $69.2 million, or $.19 per share (diluted), for the first quarter of 2005, and GAAP net income of $63.8 million, or $.18 per share (diluted), for the second quarter of 2004.


"Revenue in each of our major businesses increased 8% to 15% on a sequential quarterly basis, highlighting the strength of Broadcom's diverse products and end markets," said Scott McGregor, Broadcom's President and CEO.
http://www.broadcom.com

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