Monday, October 24, 2011

Broadcom Posts Q3 Revenue of $1.96 billion -- Up 8.4% YoY

Broadcom reported Q3 2011 revenue of $1.96 billion, an increase of 8.4% compared with the $1.81 billion reported for the third quarter of 2010. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the third quarter of 2011 was $270 million, or $.48 per share (diluted), compared with GAAP net income of $328 million, or $.60 per share (diluted), for the third quarter of 2010.

"Broadcom delivered record revenue and cash flow in Q3 with strength across all of our end markets - Home, Hand and Infrastructure," said Scott McGregor, Broadcom's President and CEO. "While our outlook reflects potential industry softness, our long-term strategy is to continue to outgrow the overall semiconductor market with product innovations that drive new market growth and value."

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