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Broadcom delivered a strong result in the last quarter with revenues growing 21% year-on-year, surpassing Wall Street expectations. This growth was driven by the company’s strong partnerships and increased R&D investments that enabled accelerated adoption of its new-generation technologies. In the quarter, semiconductor solution revenue and infrastructure software revenue grew. The semiconductor business of Broadcom continued performing well across enterprises, service providers, and hyper-scale
Companies: Broadcom Inc. (AVGO:NAS)Broadcom Inc (AVGO:NYSE)
Baptista Research
Broadcom reported an all-around beat in the quarter with an increase in revenues in semiconductor solutions and infrastructure software. Service and cloud provider growth remained strong in the quarter, driven by infrastructural upgrades and data center build-outs. As both enterprise and cloud data centers refresh, they continue to increase the adoption of the company’s Jericho, Trident, and Tomahawk switching silicon platforms. Recently, the company announced the tomahawk 5 switch series that p
Broadcom delivered a strong financial result in the quarter, with demand continuing to be stronger. Network revenue was a record high, and a substantial deployment is seen by AI networks and engines hyper scalers using its Silicon in this quarter. Adoption of the company’s next-generation merchant routing and switching is seen to be continuing to rise in service, enterprises, and hyper-scale providers at the cost of proprietary solutions. The server storage connectivity revenue as well as the se
Companies: Broadcom Inc. (AVGO:NAS)Broadcom Inc. (0YXG:LON)
Like most players in the semiconductors industry, Broadcom also had a fairly good 2021. The company delivered a solid quarterly result with a top-line growth of 16% where its core software business remained steady, and the wireless grew single digits. Server storage has been a star performer for Broadcom with a 32% growth in the year. This was determined by the continuing recovery of enterprise IT spending, a maximum of which was deployed towards upgrading computer servers. The broadband revenue
Broadcom delivered another solid result with a top-line growth of 16%. The company’s core software business remained steady, and the wireless grew single digits. Server storage has been a star performer with a 32% growth in the year. This was determined by the continuing recovery of enterprise IT spending, a maximum of which was deployed towards upgrading computer servers. The broadband revenue grew because of the increased deployment of next-generation PON and DOCSIS with high attach rates of 6
Broadcom delivered a strong financial result with revenue increased by $7.4 billion, up 15% compared to the last year. Demand for hyper-cloud and service providers remained stable, and strong cellular growth in Q4 was driven by their North American OEM's seasonal launch of next-generation handsets. Meanwhile, the company's core software business remains stable. The company’s integration efforts of its software acquisitions such as Symantec and CA Technologies have been truly remarkable. Broadcom
Broadcom had another solid quarter and surpassed Wall Street expectations on the revenue front as well as the earnings front. Its core semiconductor solutions business continued to benefit from the global shortage with and its revenue grew 19% year-on-year to nearly $5 billion. This is expected to be a key driver in the coming quarters as well. The company’s infrastructure software revenue increasing 10% year-on-year was also a big positive. The demand for Broadcom’s offerings continued to be s
Research Tree provides access to ongoing research coverage, media content and regulatory news on Broadcom Inc.. We currently have 0 research reports from 3 professional analysts.
This report is intended to help UK small- and mid-cap investors gain a better understanding of software companies’ routes to market, and to highlight how one of the most important facets of the way in which they grow and deliver value is routinely ignored. We examine sales processes for six UK-listed companies and one that has recently been taken over, and consider why they have followed their respective paths.
Companies: Idox plc
Progressive Equity Research
Companies: CML FDEV NRR SSPG RMV AO/ ZIN
Shore Capital
Alphawave Semi has reduced guidance for FY23 and prospectively citing lower revenues from China, changes in expected revenue recognition from long-term contracts, and continuing investment in R&D. The share price has reacted negatively, giving up most of the gains since the trading statement at the end of January. Current consensus, which is a good match for pre-existing guidance, should be reduced, most likely following release of the FY23 results and full 1Q24 trading update due on 23 April. H
Companies: Alphawave IP Group PLC
Capital Access Group
Companies: AO World Plc (AO:LON)Marks Electrical Group Plc (MRK:LON)
Canaccord Genuity
Eleco’s FY23 trading update highlights record recurring revenue growth of +22% to £20.7m, strong profitability that leads us to expect FY23E adjusted EBITDA +3% ahead of our previous forecast, and a confident outlook that leads us to reiterate our FY24-26E EBITDA and EFCF. Across the group, excellent execution of the SaaS transition has driven recurring revenue to 74% of group revenue from 64% in FY22, and ARR is +24% yoy to £22.6m (£19.7m at H1), including c£2m of ARR from the successful acquis
Companies: Eleco Plc
Cavendish
Companies: BILN IGP RBN SBTX
Companies: Cirata Plc
Liberum
On 9 January last year, we set out our ten top stock picks for 2023, for what turned out to be another relatively poor twelve months for UK equities due to two wars, stubbornly high inflation and further tightening of monetary policy. This was even as other major markets, such as the US, largely recovered in the year. In the 2023 calendar year, the AIM All-Share index fell 8.2% and is still 42% off its 2021 high. From the release of our 2023 top picks note, the average total return (assuming div
Companies: PTAL GHH IGP MSLH PINE NXQ EQLS NXR AXL
Zeus Capital
Companies: Synectics PLC
Companies: Gaming Realms PLC
A punchy 1H24 is especially impressive when compared with a very strong prior year. 1H24 EBITDA of £1.5m (21% EBITDA margin) was delivered from revenue of £7.0m, delivering EBITDA growth of 92% from rev growth of 15% (10% at constant currency). With no capitalised R&D, resulting free cashflow of £1.4m demonstrated impressive cash conversion, and an increase in net cash (no debt) to £9.7m, which provides assurance for the typically very large customers and partners. Given such strong performance,
Companies: Intercede Group plc
Maintel has reported a trading update for the year ending December 2023, indicating revenue in of at least £101m and adj EBITDA of “in excess of £9m”, compared with respective forecasts of £98m and £8.6m. Net debt of £18.1m also outperforms our expected year-end net debt of £18.6m. The group is continuing the trend established with the reintroduction of forecasts in April 2023, where growing confidence in delivery led to upgraded forecasts in both August and September, and still achieving outper
Companies: Maintel Holdings Plc
Companies: GHH PHC GETB DEC LORD GELN
ATG’s H1/24 trading statement indicates revenue for the six-month period to 31 March 2024 was $86m, a 6% increase on H1/23 (1% organic growth), helped by the addition of the EstateSales.Net (ESN) marketplace last year, which performed well in the period. Total marketplace revenue increased 2% (organic), driven by growth in value-added services (VAS) and event fees, offsetting a decline in commission revenue (mainly through lower asset prices).
Companies: Auction Technology Group PLC
GE Healthcare has announced the launch of the Voluson Signature 20 and 18 ultrasound systems, with the related press release noting these systems ‘comprehensively integrate artificial intelligence’ to improve the ultrasound procedure for clinicians and the women being scanned. These ultrasound systems include SonoLyst, the AI which incorporates Intelligent Ultrasound’s ScanNav Assist and ScanNav AutoCapture AI software. The launch of additional Voluson systems including the SonoLyst suite of AI
Companies: Intelligent Ultrasound Group Plc
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