Broadcom, a provider of semiconductors for wired and wireless communications, has reported revenue of $1.95bn for the fourth quarter of 2010, an increase of 45% compared to $1.34bn in the same quarter previous year.
Product revenue was up $1.9bn, compared to $1.3bn, Income from Qualcomm agreement was $51.6m, while revenue from licensing was down to $4.7m, compared to $7.6m in the previous year quarter.
For the quarter, operating income was $268.1m compared to operating income of $58.8m in the fourth quarter of 2009.
Net income for the fourth quarter of 2010 was $266.2m, or $0.47 per diluted share, compared to net income of $59.2m, or $0.11 per share in the fourth quarter of 2009.
For the fiscal year 2010, the company’s total revenues increased to $6.82bn, operating income $1.1bn, and net income $1.1bn from $4.5bn, $56.1m, and $65.3m, respectively, in the previous fiscal year.
Broadcom president and CEO Scott McGregor said the company gained significant market share and delivered record revenue, earnings per share, and cash flow from operations.
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"Our achievements highlight the incredible capabilities of our employees to create innovative offerings in the wired and wireless communications markets," McGregor said.
