Broadly better performance in Broadcom Corporation (NASDAQ:BRCM) Q2 results

Posted by Ryan Mandell July 25, 2013 0 Comment 1316 views

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.

Good results

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.

About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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