Broadcom Q4 results: Net income spikes almost 70 per cent as CEO gives update on $61bn Vmware bid

Vendor boss Hock Tan attributed the ‘record’ growth to hyperscale, service providers, and enterprise performance

Kelsey Rees
clock • 3 min read
Broadcom Q4 results: Net income spikes almost 70 per cent as CEO gives update on $61bn Vmware bid

Broadcom has posted upbeat fourth quarter financial results to end 2022, with revenues shooting up 21 per cent to $8.9bn. Meanwhile, net income saw lightning year on year growth of 69 per cent to $3.3bn, from $1.9bn in Q4 2021.  The group's CEO and president Hock Tan highlighted strong demand from hyperscale, service providers, and enterprise as key reasons for the uptick.  "This growth was driven by our strong partnerships with customers and accelerated adoption of our next generati...

To continue reading this article...

Join Channel Partner Insight

  • Exclusive news, insight and analysis for the IT channel across the US and Europe
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with an exclusive members-only podcast
  • Breaking news stories delivered straight to your inbox daily

Join now

 

Already a member?

Log in

More on Vendor

Zoom's EMEA goals: 'We want 80 per cent of our EMEA revenue from the channel by 2027'

Zoom's EMEA goals: 'We want 80 per cent of our EMEA revenue from the channel by 2027'

Zoom's EMEA partner boss Dion Smith laid out his channel growth plans and gave insight into the video conferencing giant's future

Andrea Gaini
clock 01 June 2023 • 2 min read
Microsoft Build 2023: Top takeaways from Satya Nadella's keynote

Microsoft Build 2023: Top takeaways from Satya Nadella's keynote

We pick out the boldest statements from Nadella's keynote at the vendor giant's conference in Seattle

clock 24 May 2023 • 6 min read