Broadly better performance in Broadcom Corporation (NASDAQ:BRCM) Q2 results
Broadcom Corporation (NASDAQ:BRCM) announced its Q2 results for the quarter ending 30 June 2013. According to the report, the company has net revenue of $2.09B while its net income was $0.43 /share. This indicates a 4.2% rise in comparison with the $2.01B that was reported in the 2013 Q1 and the $1.97B that was reported in the same quarter in 2012. Operational cash flow was $334m. The net loss for the 2013 Q2 acquired an intangible impairment of $501M or $8.7/share. This was largely related to the company acquiring NetLogic Microsystems.
The company’s CEO and President has announced that they delivered gross margins and solid income in the Q2. There was also strongly-managed consecutive growth in its operating expenses. This combination of in-line profit and financial discipline has enabled BRCM to provide its non-GAAP EPS ahead of the First call Agreement.
About the company
Broadcom Corporation (NASDAQ:BRCM) is a global semi-conductor company that provides wireless and wired solutions. The company’s products delivers video, voice, multimedia and data connectivity in the office, home and mobile environment. BRCM provides SoC as well as software solutions. Its different segments are- Broadband Communications, Networking, Wireless and Mobile and Infrastructure. BRCM acquired BroadLight Inc in 2012 April.
The company’s broadband communications segment offers a broad range of consumer electronics and broadband communications. Its solutions include PON and xDSL SoCs, cable modem, xDSL, xPON, residential cell SoCs, and cable-modem central office-solutions. It also deals in various different products such as MPEG/AVC/VC-1 transcoders and encoders, DBS, terrestrial digital cable, and IP set-top boxes, MoCA Networking SoCs and Powerline.