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Broadcom quarterly revenue rises 17 pct
December 6, 2017 / 9:19 PM / 8 days ago

Broadcom quarterly revenue rises 17 pct

Dec 6 (Reuters) - Broadcom Ltd reported a 17 percent rise in quarterly revenue, helped by strong demand for its wireless chips from customers, including Apple Inc and Samsung Electronics Co Ltd.

Net income attributable to ordinary shares was $636 million, or $1.50 per share, in the fourth quarter ended Oct. 29, compared with a loss of $632 million, or $1.59 per share, a year earlier.

Net revenue rose to $4.84 billion from $4.14 billion.

Broadcom has made a $103 billion unsolicited bid for rival Qualcomm and on Monday laid out a slate of 11 nominees it wants to put on the company’s board. (Reporting by Arjun Panchadar in Bengaluru; Editing by Anil D‘Silva)

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