Broadcom (AVGO) Tops Q1 EPS by 59c, Beats on Revenue; Offers FY24 Guidance
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Broadcom Inc. Announces First Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend
March 7, 2024 4:15 PM ESTRevenue of $11,961 million for the first quarter, up 34 percent from the prior year periodCash from operations of $4,815 million for the first quarter, less capital expenditures of $122 million, resulted in $4,693 million of free cash flow, or 39 percent of revenueGAAP net income of $1,325 million for the first quarter; Non-GAAP net income of $5,254 million for the first quarterAdjusted EBITDA of $7,156 million for the first quarter, or 60 percent of revenueGAAP diluted EPS of $2.84 for the first quarter; Non-GAAP... More
