Broadcom announces revenue results

Technology provider Broadcom has posted net revenue for the second quarter of 2010 of $1.6bn (£1.03bn), representing an increase of 9.7 per cent from the $1.5bn reported in first-quarter 2010 and an increase of 54.3 per cent from the $1bn reported in second-quarter 2009. 

Net income computed in accordance with GAAP was $278m, or $0.52 per share, compared with $210m, or $0.40 per share, for the first quarter of 2010 and $13m, or $0.03 per share, for the second quarter of 2009.