Home Broadcom reports Q1 in line with guidance, sees sharp demand uncertainty ahead
 

Keywords :   


Broadcom reports Q1 in line with guidance, sees sharp demand uncertainty ahead

2020-03-13 09:37:00| Telecompaper Headlines

(Telecompaper) Broadcom said results for its fiscal first quarter to 2 February were in line with expectations, with steady growth from its networking storage and broadband businesses, CEO Hock Tan said. Nevertheless, even though the semiconductor market is doing better and that the covid-19 outbreak did not have a material impact on the company's figures in Q1, visibility is still lacking looking forward, with demand uncertainty getting more intense. As a result, Tan said the company is withdrawing its previous forecast for the year, and that it will not present any annual guidance until visibility returns to pre covid-19 levels.� [ more ]

Tags: line reports demand ahead

Category:Telecommunications

Latest from this category

All news

»
28.03Jotun Ready to Amplify AMPP
28.03WH Smith name to disappear from High Street after sale
28.03UK carmakers to meet government over Trump tariffs
28.03'You have to be really intelligent to be a farmer'
28.03Cost of living fairs aim to tackle money taboos
28.03Could Scotland have Europe's lowest electricity bills?
28.03Pensioners forced to close loved cafe over costs
28.03Assassin's Creed maker gets $1.25bn Chinese investment
More »