Monday, April 26, 2010

Broadcom Hits Record Revenue of $1.46 Billion in Q1

Broadcom reported record revenue of $1.46 billion for Q1 2010. This represents an increase in net revenue of 8.9% compared with the $1.34 billion reported for the fourth quarter of 2009 and an increase of 71.3% compared with the $853 million reported for the first quarter of 2009.

Net income (GAAP) for the first quarter of 2010 was $210 million, or $.40 per share (diluted), compared with GAAP net income of $59 million, or $.11 per share (diluted), for the fourth quarter of 2009, and a GAAP net loss of $92 million, or $.19 net loss per share (basic and diluted), for the first quarter of 2009.

"Demand for current products, coupled with new product introductions, should enable us to deliver strong sequential growth into the second quarter. Our products for the Home, Hand, and Infrastructure are extremely well positioned to deliver sustained profitable growth and will benefit from both improved global demand and the increasing role of communications in a connected world."