Broadcom revenue dips 3.2% to $2.19 billion

Broadcom CEO Scott McGregor
Chip maker Broadcom said its revenue fell 3.2 percent to $2.19 billion in the third quarter ended September 30, 2015.

Net income of Broadcom increased to $429 million from $98 million.

Broadcom said net income for Q3 2014 included charges for restructuring costs related to Broadcom’s decision to exit the cellular baseband business totaling $114 million and additional charges for the impairment of purchased intangible assets of $200 million.

Broadcom CEO Scott McGregor said: “These results are a testament to the company’s operational excellence and leadership in the markets we serve.”

editor@telecomlead.com

Latest

More like this
Related

Qualcomm Networking Pro A7 Elite with Edge AI for Wi-Fi 7 performance

Qualcomm Technologies has announced the launch of the Qualcomm...

Qualcomm intros Snapdragon 7s Gen 3 mobile platform

Qualcomm Technologies has introduced the Snapdragon 7s Gen 3...

Qualcomm Q3 2024 financial performance and partnerships

Qualcomm has revealed its financial performance for its fiscal...

Qualcomm Snapdragon platform for cost-effective 5G smartphone

Qualcomm Technologies announced the launch of Snapdragon 4s Gen...