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Broadcom reports Q4 and 2005 results

Posted: 31 Jan 2006 ?? ?Print Version ?Bookmark and Share

Keywords:financial results? Broadcom? revenue?

Broadcom Corp. reported unaudited financial results for its Q4 and year ended Dec. 31, 2005.

Net revenue for Q4 quarter of 2005 was $820.6 million, an increase of 18.1 percent from the $695 million reported for Q3 2005 and an increase of 52.1 percent from the $539.4 million reported for Q4 2004.

Financial results also show that net revenue for the year ended Dec. 31, 2005 was $2.671 billion, an increase of 11.3 percent from the $2.401 billion reported the previous year. GAAP net income for the year ended Dec. 31, 2005 was $411.7 million, or $1.10 per share (diluted). That amount compares with a GAAP net income of $218.7 million, or 63 cents per share (diluted), for the previous year.

According to Broadcom president and CEO Scott McGregor, trends in communications and convergence "provided a one-two punch that drove Broadcom to record levels of revenue, net income and cash and marketable securities in 2005."




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