Broadcom Benefits from Higher Network Spending
Broadcom’s (AVGO) fiscal Q2 2018 earnings were affected by the seasonal nature of its wireless segment. In fiscal Q2 2018, Broadcom’s wired revenue rose 9% YoY (year-over-year) and 22% sequentially to $2.3 billion, accounting for 46% of the company’s revenue. The segment benefited from increased spending on networking and compute infrastructure from cloud data centers and enterprises.