Monday, October 22, 2007

Broadcom Posts Q3 Revenue of $950 Million, up 6% Sequentially

Broadcom reported Q3 revenue of $950.0 million, an increase of 5.8% compared with the $897.9 million reported for the second quarter of 2007 and an increase of 5.2% compared with the $902.6 million reported for the third quarter of 2006. Net income (GAAP) was $27.8 million, or $.05 per share (diluted), compared with GAAP net income of $34.3 million, or $.06 per share (diluted), for the second quarter of 2007, and GAAP net income of $110.2 million, or $.19 per share (diluted), for the third quarter of 2006.



"New product cycles enabled Broadcom to attain record revenue and generate strong operating cash flow in the third quarter," said Scott A. McGregor, Broadcom's President and Chief Executive Officer. "Our record revenue was driven by strength in the Bluetooth, wireless LAN and digital TV markets."http://www.broadcom.com

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