Revenue was $8.9 billion for the quarter, up 21% from a year ago. Gross margins were 75% of revenue in the quarter and up 10 basis points year-on-year. Operating expenses were $1.2 billion, up 3% year-on-year, driven by investment in R&D. Operating income for the quarter was $5.5 ...
Now, by way of comparison, over the last 12 months, consolidated renewal rates average 119% over expiring contracts and in our strategic accounts, we average 134%. Because of these, our ARR, the indicator of forward revenue at the end of Q1 was $5.3 billion, which is up 3% from a yea...
sorry, consolidated net revenue was 12.5 billion, up 43% year on year, as revenue included a full quarter of contribution from VMware. But if we exclude VMware, consolidated revenue was up 12% year on year, and this 12% organic growth in revenue was largely driven by AI revenue,...
“Wi-Fi 7 revenue for both the Consumer Wi-Fi Infrastructure and Enterprise Access Point markets will exceed that of any other Wi-Fi technology in five years, mostly coming from Wi-Fi systems based on 6 GHz devices,” saidChris DePuy, technology analyst at 650 Group. "Add...
If this data is misplaced or stolen, organizations run the risk of lost revenue, legal implications and a tarnished reputation. With SafeStoreTM software, businesses can be assured that the highest level of security is placed on their data, while preserving system performance and ease-of-use. ...
“This enables Broadcom to modify existing designs to address evolving product needs in a competitive and fast-changing consumer market, which is a significant benefit to our customers.” “Momentum is gathering behind the adoption of ARM OptimoDE technology for consumer electronics designed ...
This move to an ‘invitation-only Broadcom Advantage Partner Program’ has new revenue commitments and could push longstanding VMware partners to consider alternative business relationships. This environment of doubt and uncertainty is further exacerbated by the announcement that, effective April 30, 2024...
4.8/5 On-time delivery rate 100.0% Response time ≤5h Online revenue $100,000+ Main markets North America,Southern Europe,Eastern Asia Collaborating suppliers 60 View more productsView profile Product descriptions from the supplier Overview
ESG Refinitiv AMore Ratings Analysts' Consensus Sell Buy Mean consensus BUY Number of Analysts 43 Last Close Price 245.36USD Average target price 237.19USD Spread / Average Target -3.33%Consensus Profit revisions Estimate revisions Quarterly revenue - Rate of ...
Since so many migrations have taken place in just the past twenty-five years, Broadcom may still be receiving a revenue stream on unused licenses due to their practice of long-term contracts. This could mean that internally they show a higher penetration. Many organizations are confused when we...