Broadcom: Q1 EPS up 23%
(CercleFinance.com) - On Thursday evening Broadcom reported Q1 2022-23 non-GAAP EPS of $10.
33, up 23% y-o-y, along with adjusted EBITDA that rose 18% to 5.68 billion dollars on revenues that rose 16% to 8.91 billion dollars.
"Broadcom's first quarter performance reflects continued strength in infrastructure demand across all our end markets," said Hock Tan, President and CEO of Broadcom Inc. who added that "sustained leadership in next generation technologies across all of our core markets, and strong partnerships with our customers".
For Q2 (ending 30 April), the semiconductor group expects an adjusted EBITDA margin of around 64.5%, with revenue of approximately 8.7 billion dollars.
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33, up 23% y-o-y, along with adjusted EBITDA that rose 18% to 5.68 billion dollars on revenues that rose 16% to 8.91 billion dollars.
"Broadcom's first quarter performance reflects continued strength in infrastructure demand across all our end markets," said Hock Tan, President and CEO of Broadcom Inc. who added that "sustained leadership in next generation technologies across all of our core markets, and strong partnerships with our customers".
For Q2 (ending 30 April), the semiconductor group expects an adjusted EBITDA margin of around 64.5%, with revenue of approximately 8.7 billion dollars.
Copyright (c) 2023 CercleFinance.com. All rights reserved.