Broadcom (AVGO) Declares $4.10 Quarterly Dividend; New $10B Stock Buyback
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Go back to Broadcom (AVGO) Declares $4.10 Quarterly Dividend; New $10B Stock Buyback
May 26, 2022 7:01 AM EDT
Revenue of $8,103 million for the second quarter, up 23 percent from the prior year periodGAAP net income of $2,590 million for the second quarter; Adjusted EBITDA of $5,111 million for the second quarterGAAP diluted EPS of $5.93 for the second quarter; Non-GAAP diluted EPS of $9.07 for the second quarter$4,158 million of free cash flow from operations for the second quarter, defined as cash from operations of $4,243 million less capital expenditures of $85 millionQuarterly common stock dividend of $4.10 per shareRepurchased and eliminated 5.6 million shares for $3,290 millionThird quarter... More
May 26, 2022 7:00 AM EDT
Advances Broadcom's strategy to build the world's leading infrastructure technology company, with track record of acquiring established, mission-critical platforms
Brings together two engineering-first, innovation-centric cultures
Broadcom Software Group to rebrand and operate as VMware
The new VMware, as part of Broadcom, to offer enterprise customers greater choice and flexibility to address the most complex IT infrastructure challenges
Accelerates software scale and growth opportunities for Broadcom, with pro forma revenue of more than $40 billion, including 49% software revenue... More
