Broadcom reported net revenue of $2.08 billion for Q4 2012, a decrease of 2.3% compared with the $2.13 billion reported for the third quarter of 2012 and an increase of 14.3% compared with the $1.82 billion reported for the fourth quarter of 2011. Net income (GAAP) was $251 million, or $.43 per share (diluted), compared with GAAP net income of $220 million, or $.38 per share (diluted), for the third quarter of 2012 and GAAP net income of $254 million, or $.45 per share (diluted), for the fourth quarter of 2011.
“Broadcom delivered record revenue in each of our three business groups and record cash flow from operations in 2012, reflecting our continued market share growth and strong economics.” said Scott McGregor, Broadcom’s President and Chief Executive Officer. “Based upon these results, Broadcom’s Board of Directors today announced a ten percent increase in our dividend, consistent with our commitment to enhancing shareholder value.”
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