Reported 7 months ago
Broadcom (AVGO) reported strong Q2 2024 earnings results in their recent call, highlighting a 12% organic growth in revenue year on year. The company emphasized the successful integration of VMware and the potential for revenue growth in AI. They also discussed sustainable revenue levels for their Brocade, CA, and Symantec business, and clarified their approach to channel conflict and partnership strategies for VMware. The call addressed the profitability and differentiation of Broadcom's networking and custom ASIC AI businesses, indicating positive outlooks for the software and semiconductor segments. Additionally, future objectives for product development, margins, and market competition were explored, showcasing the company's overall resilience and strategic planning.
Source: YAHOO