Broadcom CEO - Expect Networking Revenue To Grow 20% Y-O-Y In Q1

Follow us on Google News:
 Broadcom CEO - Expect Networking Revenue To Grow 20% Y-O-Y In Q1
Image source: ©2022 Kalkine Media®

Dec 8 (Reuters) - Broadcom Inc:


* BROADCOM CEO - EXPECT NETWORKING REVENUE TO GROW 20% Y-O-Y IN Q1 - CONF CALL

* BROADCOM CEO - EXPECT SERVER STORAGE CONNECTIVITY REVENUE TO GROW 50% Y-O-Y IN Q1 - CONF CALL

* BROADCOM CEO - EXPECT WIRELESS REVENUE TO BE SEQUENTIALLY FLAT AND UP LOW SINGLE DIGITS Y-O-Y IN Q1 - CONF CALL

* BROADCOM CEO - EXPECT SEMICONDUCTOR REVENUE GROWTH TO SUSTAIN AT ABOUT 20% Y-O-Y IN Q1 - CONF CALL

* BROADCOM CEO - ANTICIPATE TIMELINE FOR REVIEW PROCESS OF VWWARE DEAL IN OTHER KEY REGIONS TO EXTEND, STILL CONFIDENT DEAL WILL CLOSE IN FISCAL 2023 - CONF CALL

* BROADCOM CEO - EXPECT INFRASTRUCTURE SOFTWARE SEGMENT REVENUE TO BE FLAT Y-O-Y IN Q1 - CONF CALL

* BROADCOM CFO - EXPECT RESEARCH AND DEVELOPMENT SPENDING COULD BE UP SEQUENTIALLY "AS WE STEP UP HIRING OF ENGINEERS FOR MULTIPLE CRITICAL PROJECTS" - CONF CALL

* BROADCOM CEO IS CAUTIOUSLY POSITIVE ABOUT FISCAL '23, SAYS "DON'T KNOW IF DEMAND WILL SUSTAIN THROUGH THE REST OF 2023" - CONF CALL

* BROADCOM CEO SAYS CHINA, WHICH REPRESENTS LESS THAN 10% OF TOTAL REVENUE, HAS CAUSED SLOWDOWN IN INDUSTRIAL BUSINESS, HAS HAD AN OFFSETTING EFFECT - CONF CALL Source text for Eikon: Further company coverage:

Disclaimer

The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Featured Articles