Future Tech

Broadcom's first-quarter revenue beats estimates

Tan KW
Publish date: Fri, 08 Mar 2024, 08:22 AM
Tan KW
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Future Tech

  Tech conglomerate Broadcom beat market estimates for first-quarter revenue on Thursday, as cloud providers continue to upgrade data centers to support artificial intelligence, helping drive demand for its advanced networking chips.

The company reported quarterly net revenue of $11.96 billion. This compares to analysts' average estimate of $11.72 billion, according to LSEG data.

 


  - Reuters

 

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