M&A - Broadcom Inc.

Form Type: 10-Q

Filing Date: 2025-03-12

Corporate Action: Acquisition

Type: New

Accession Number: 000173016825000021

Filing Summary: Broadcom Inc. reported its financial results for the quarter ended February 2, 2025. The company, which is involved in semiconductor and infrastructure software solutions, highlighted a strong increase in net revenue, reaching $14.916 billion, up from $11.961 billion in the same quarter of the previous year. Key drivers included substantial growth in subscriptions and services revenue. Gross margin significantly improved, and net income for the quarter was reported at $5.503 billion, compared to $1.325 billion from the prior year. The report also reflects various operational expenses and liabilities, including a notable presence of long-term debts. The financial statements have been prepared following GAAP standards and the results indicate effectiveness of the business strategy post-acquisition of VMware, which continues to shape their infrastructure software segment. The document underscores successful integrations and the financial health during the reporting period, also touching on a potential future dividend payout schedule.

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