American integrated circuit supplier Broadcom has reported unaudited financial results for its fourth quarter and year ended 31 December 2010.
Net revenue for the fourth quarter of 2010 was a record $1.95bn, representing an increase of 7.7 per cent compared with the $1.81bn reported for the third quarter of 2010 and an increase of 44.9 per cent compared with the $1.34bn reported for the fourth quarter of 2009.
Net income computed in accordance with GAAP for the fourth quarter of 2010 was $266m, or $0.47 per diluted share, compared with $327m, or $0.60, for the third quarter of 2010 and $59m, or $0.11, for the fourth quarter of 2009.
Net revenue for the year ended 31 December 2010 was $6.82bn, representing an increase in net revenue of 51.8 per cent from the $4.49bn reported a year ago.
