Broadcom reported Q3 net revenue of $695.0 million, an increase of 14.9% from the $604.9 million reported for the second quarter of 2005 and an increase of 7.5% from the $646.5 million reported for the third quarter of 2004. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the third quarter of 2005 was $132.7 million, or $.35 per share (diluted), compared with GAAP net income of $15.1 million, or $.04 per share (diluted), for the second quarter of 2005, and GAAP net income of $43.9 million, or $.13 per share (diluted), for the third quarter of 2004.
“Broadcom’s revenue and net income reached record levels in the third quarter, driven by continued broad-based strength within our major target end markets,” said Scott McGregor, Broadcom’s President and Chief Executive Officer.
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