Broadcom Corporation (Nasdaq: BRCM) announced 1.201 billion U.S. dollars of its 2008 second quarter net revenues of, an increase of 16.3 percent than the last quarter of 1.032 billion U.S. dollars and 33.7 % than the same period the previous year of 897.9 million U.S.
The Corporation for the year ending June 30, 2008 six months net revenue of 2.233 billion U.S. dollars, representing a year-on-year increase of 1.799 billion U.S. dollars by 24.1 percent. As of June 30, 2008 six months, the company in accordance with generally accepted accounting principles (GAAP) basis of a net profit of 209.1 million U.S. dollars (per diluted share 0.39 U.S. dollars), while the same period last year according to GAAP net earnings For 95.2 million U.S. dollars (about 0.16 U.S. dollars per diluted share)
The Corporation for the year ending June 30, 2008 six months of net revenue including the July 2007 signing of a patent license agreement provided for in 71.2 million U.S. dollars royalties. The royalties paid a quarterly basis, 35.6 million U.S. dollars each quarter.
Broadcom President and CEO Scott A. McGregor said: "Despite the continued economic instability, there was still stronger demand for Broadcom wired and wireless communications products in the second quarter. Excluding royalties, our products quarter Revenue exceeded 1 billion U.S. dollars for the first time in our company's history, highlighted the more importance of the communication in our daily life, such as at home, at work or walking. Broadcom is good at integrating a variety of Forms of communication in a single silicon chip, and will have enough strength to maintain the leadership in the convergence of the telecommunications. "
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