6/3, 10:20 PM (Source: TeleTrader)
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Broadcom Q2 revenue soars 15% to $6.61 billion

Broadcom Inc. posted on Thursday its earnings results for the second fiscal quarter of 2021, reporting annual revenue growth of 15% to $6.61 billion. The company's net income surged to $1.49 billion, with diluted earnings per share of $3.30.

"Due to the strength in demand for semiconductors across our multiple end markets, we delivered 20% year-over-year increase in semiconductor revenue. Our third quarter outlook projects this year-over-year growth to sustain, as we continue to see strong demand from service providers and hypercloud," CEO Hock Tan said in the report.

Commenting on the outlook, Broadcom noted it expects third-quarter revenue of $6.75 billion.

Breaking the News / ND