Monday, July 21, 2008

Broadcom Reports Q2 Revenue of $1.2 Billion, up 16% YoY

Broadcom posted Q2 net revenue of $1.201 billion, an increase of 16.3% compared with the $1.032 billion reported for the first quarter of 2008 and an increase of 33.7% compared with the $897.9 million reported for the second quarter of 2007. Q2 net income (GAAP) was $134.8 million, or $.25 per share (diluted), compared with GAAP net income of $74.3 million, or $.14 per share (diluted), for the first quarter of 2008, and GAAP net income of $34.3 million, or $.06 per share (diluted), for the second quarter of 2007.


"Despite continued economic turmoil, demand for Broadcom's wired and wireless communications products strengthened in the second quarter," said Scott A. McGregor, Broadcom's President and Chief Executive Officer. "Our quarterly product revenue, excluding royalties, surpassed the $1.0 billion milestone for the first time in our history in the second quarter, highlighting the growing role that communications plays within our everyday lives at home, at work or while on-the-go. "http://www.broadcom.com

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