Broadcom Posts Record Revenues of $1.971 billion – Up 9.7% YoY

Broadcom reported record net revenue for the second quarter of 2012 of $1.971 billion, up 7.9% compared with the $1.827 billion reported for the first quarter of 2012 and an increase of 9.7% compared with the $1.796 billion reported for the second quarter of 2011. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the second quarter of 2012 was $160 million, or $.28 per share (diluted).

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