tldrdaily.news logo
Tag

Vmware Acquisition

All articles tagged with #vmware acquisition

business1 year ago

Broadcom Stock Soars on AI-Driven Revenue Surge

Broadcom reported strong fiscal fourth-quarter earnings, with revenue growing 51% year-over-year to $14.05 billion, surpassing analysts' expectations. The company's net income rose to $4.32 billion, benefiting from the successful integration of VMware, which contributed to a record fiscal year 2024 revenue of $51.6 billion. Notably, Broadcom's AI revenue more than tripled to $12.2 billion. Following the earnings report, Broadcom's shares surged over 14% in extended trading.

via Investopedia|
#ai-revenue#broadcom#business
business2 years ago

Broadcom's Revenue Falls Short Amid Weak Enterprise Spending and Chip Slump

Chipmaker Broadcom has forecasted annual revenue below Wall Street estimates due to weak enterprise spending and competition, casting a shadow on its recent acquisition of VMware. The company expects revenue of about $50.0 billion for fiscal 2024, falling short of analysts' expectations of $52.50 billion. Broadcom's revenue in the fourth quarter was $9.30 billion, slightly below estimates. The company also plans to divest VMware's non-core businesses and incur about $1 billion in transition costs. Analysts are concerned about the impact of slowing orders from major client Cisco Systems and competition from Nvidia.

via Yahoo Finance|
#broadcom#business#competition
business2 years ago

Broadcom Successfully Completes $69 Billion VMware Takeover

Wall Street analysts predict that Broadcom's completion of its acquisition of VMware will lead to a rise in AVGO stock. The acquisition is expected to increase Broadcom's software sales and reduce its exposure to the cyclical semiconductor market. Analysts have raised their price targets for AVGO stock and anticipate immediate positive impacts on Broadcom's gross profit margin and earnings per share. The next potential catalyst for AVGO stock could be Broadcom's fiscal fourth-quarter earnings report on December 7.

via Investor's Business Daily|
#avgo-stock#broadcom#business