Broadcom Reports Second Quarter 2011 Results

Monday, July 25th, 2011 
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IRVINE, Calif. — Broadcom Corporation (Nasdaq: BRCM) today reported unaudited financial results for its second quarter ended June 30, 2011.

Net revenue for the second quarter of 2011 was $1.8 billion. This represents an increase of 12% compared with the $1.6 billion reported for the second quarter of 2010. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the second quarter of 2011 was $175 million, or $.31 per share (diluted), compared with GAAP net income of $278 million, or $.52 per share (diluted), for the second quarter of 2010.

Non-GAAP net income for the second quarter of 2011 was $418 million, or $.72 per share (diluted), compared with non-GAAP net income of $418 million, or $.74 per share (diluted), for the second quarter of 2010.

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