Broadcom Grows Revenues 12% Sequentially and 70% Year-over-Year

Broadcom reported record Q2 revenue of $641.3 million, an increase of 11.8% from the $573.4 million reported for the first quarter of 2004 and an increase of 69.7% from the $377.9 million reported for the second quarter of 2003. Net income (GAAP) was $63.8 million, or $.18 per share (diluted), compared with GAAP net income of $39.9 million, or $.12 per share (diluted), for the first quarter of 2004.


Q2 marked the company's twelfth consecutive quarter of revenue increases. The strongest revenue growth on a sequential basis was experienced in the company's broadband communications and enterprise networking businesses. http://www.broadcom.com