Broadcom posted Q4 2013 net revenue of $2.06 billion, down 3.8% compared with the $2.15 billion reported for Q3 2013 and down 0.8% compared with the $2.08 billion for Q4 2012. Net income (GAAP) for Q4 was $168 million, or $0.29 per share (diluted), compared with GAAP net income of $316 million, or $0.55 per share (diluted), for Q3 2013 and GAAP net income of $251 million, or $0.43 per share (diluted), for Q4 2012.
Net revenue for the year ended December 31, 2013 was $8.31 billion, up 3.7% for the year.
“In 2013 Broadcom delivered record revenue in all three business groups. Continued strength in our Infrastructure Business Group drove Q4 revenue and earnings ahead of expectations,” said Scott McGregor, Broadcom’s President and Chief Executive Officer. “Looking into 2014, we are building momentum in LTE, setting the stage for Ultra HD and powering next generation service provider and data center networks.”
