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Broadcom Q4 net revenue $5,776 million

Christian Fernsby ▼ | December 14, 2019
Broadcom reported financial results for its fourth fiscal quarter ended November 3, 2019, provided guidance for its fiscal year 2020 and announced quarterly dividends.
Broadcom
Broadcom   The company completed its acquisition of the Symantec Enterprise Security
The company completed its acquisition of the Symantec Enterprise Security business on November 4, 2019.

Topics: Broadcom

The financial results provided do not include any contribution from the Symantec Enterprise Security business.

Net revenue was $5,776 million, 4.7 percent higher than $5,515 million in the previous quarter and 6.1 percent higher than $5,444 million in the same quarter last year.

Gross margin was $3,152 million, or 54.6 percent of net revenue.

This compares with gross margin of $3,034 million, or 55.0 percent of net revenue, in the prior quarter, and gross margin of $2,935 million, or 53.9 percent of net revenue, in the same quarter last year.

Operating expenses were $2,098 million.

This compares with $2,169 million in the prior quarter and $1,283 million in the same quarter last year.

Operating income was $1,054 million, or 18.2 percent of net revenue.

This compares with operating income of $865 million, or 15.7 percent of net revenue, in the prior quarter, and operating income of $1,652 million, or 30.3 percent of net revenue, in the same quarter last year.

Net income was $847 million, or $1.97 per diluted share.

This compares with net income of $715 million, or $1.71 per diluted share, in the prior quarter, and net income of $1,115 million, or $2.64 per diluted share, in the same quarter last year.

Cash from operations was $2,479 million in the quarter.

This compares with $2,419 million in the prior quarter and $2,635 million in the same quarter last year.


 

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