Broadcom: EPS growth of 6% in Q1

(CercleFinance.com) - On Thursday evening Broadcom reported non-GAAP EPS that is up 6.
4% to $10.99, with adjusted EBITDA that rose 26% to $7.16bn for Q1, on revenues that are up 34% to nearly $12bn. NB after closing up 4.2% yesterday, pmt -0.8%.

The group explains that the acquisition of VMware has accelerated revenue growth in its infrastructure software segment, while the development of artificial intelligence has stimulated growth in its semiconductor segment.

For its FY 2023-24 (ending in early November), Broadcom confirms that it anticipates an EBITDA margin of around 60%, for projected revenues of around $50bn.


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