Broadcom's Revenues Grow 10% Sequentially to $327 Million

Broadcom reported Q1 net revenue of $327.5 million, an increase of 10.7% from the $295.9 million reported for Q4 2002 and an increase of 37.1% from the $238.8 million reported for the first quarter of 2002. Net loss (GAAP) for Q1 2003 was $67.9 million, or $.25 per share (basic and diluted). Broadcom said the quarter’s financial performance marks a return to pro forma profitability. It also represents the company’s seventh consecutive period of revenue growth.
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