Broadcom reported record Q1 revenue of $573.4 million, an increase of 19.7% from the $479.1 million reported for Q4 2003 and an increase of 75.1% from the $327.5 million reported for Q1 2003. Net income (GAAP) for Q1 was $39.9 million, or $.12 per share (diluted), compared with GAAP net income of $6.1 million, or $.02 per share (diluted) for Q4.
Broadcom reported revenue increases generated across all four of its business groups on a sequential and year-over-year basis. The strongest revenue growth on a sequential basis was experienced in the company’s Broadband Communications and Mobile & Wireless business groups. http://www.broadcom.com
