Net revenue: USD 2.01 billion Operating cash flow: $ 388 million Beijing, April 25, 2013- Broadcom Corporation (Nasdaq: BRCM) , a global leader in innovative solutions for wired and wireless communications semiconductors, today released its revenue results for the first quarter ended March 31, 2013 (not yet Audited). Scott McGregor, President and CEO of Broadcom, said: "In the quarter from January to March, Broadcom ’s revenue increased by nearly 10% year-on-year, and the revenue was much higher than the first payment agreement. This exceeded the expected financial The results are mainly due to the sales of baseband processors and wireless connection chips. Looking ahead, our industry-leading wired and wireless communication platform product portfolio will bring sustained high growth. " Net revenue in the first quarter of 2013 was US $ 2.01 billion, a decrease of 3.6% from US $ 2.08 billion in the fourth quarter of 2012, and an increase of 9.7% compared with US $ 1.83 billion in the first quarter of 2012. According to GAAP, the net income for the first quarter of 2013 was US $ 191 million, or US $ 0.33 per share (after dilution), while the GAAP net income for the fourth and first quarters of 2012 was respectively US $ 251 million, or US $ 0.43 per share (after dilution) and US $ 88 million, or US $ 0.15 per share (after dilution). In addition to the GAAP results, Broadcom announced adjusted net income and adjusted net income per share, expressed as "non-GAAP net income" and "non-GAAP diluted net income per share", respectively. Broadcom ’s adoption of these and other non-GAAP financial measures is discussed as follows: The three-month GAAP to non-GAAP financial adjustments that ended on March 31, 2013, December 31, 2012, and March 31, 2012, respectively, will appear Under the "unaudited timetable for selected GAAP to non-GAAP adjustments" in the financial statements issued this time. Non-GAAP net income for the first quarter of 2013 was US $ 400 million, or US $ 0.65 per share (after dilution), while non-GAAP net income for the fourth and first quarters of 2012 was US $ 462 million, or 0.76 per share USD (after dilution) and USD 387 million, or USD 0.65 per share (after dilution). The financial results released this time have not been audited. Broadcom's Annual Report Form 10-K submitted to the SEC includes the company's financial statements as of December 31, 2012. About Broadcom Broadcom, a Fortune 500 company, is an outstanding technology innovator and leader in the global wired and wireless communications semiconductor industry. Its products assist the transmission of voice, video, data and multimedia throughout the home, enterprise and mobile environment. For manufacturers of information and network equipment, digital entertainment and broadband access products, and mobile devices, Broadcom provides the industry's most complete advanced system-on-a-chip and embedded software solutions. These solutions support our core belief: ConnecTIng Everything®. For more information, please log in:
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