Broadcom (AVGO) Declares $4.10 Quarterly Dividend; New $10B Stock Buyback
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Broadcom Inc. Announces Second Quarter Fiscal Year 2022 Financial Results and Quarterly Dividends
May 26, 2022 7:01 AM EDTRevenue 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
Broadcom to Acquire VMware for Approximately $61 Billion in Cash and Stock
May 26, 2022 7:00 AM EDTAdvances 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
