Advertisement
UK markets open in 2 hours 43 minutes
  • NIKKEI 225

    38,120.25
    +158.45 (+0.42%)
     
  • HANG SENG

    16,469.29
    +217.45 (+1.34%)
     
  • CRUDE OIL

    82.93
    +0.24 (+0.29%)
     
  • GOLD FUTURES

    2,388.30
    -0.10 (-0.00%)
     
  • DOW

    37,753.31
    -45.66 (-0.12%)
     
  • Bitcoin GBP

    49,654.79
    -1,522.67 (-2.98%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    15,683.37
    -181.88 (-1.15%)
     
  • UK FTSE All Share

    4,273.02
    +12.61 (+0.30%)
     

Broadcom Benefits from Higher Network Spending

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.