Broadcom Limited Announces First Quarter Fiscal Year 2016 Financial Results

“The completion of Avago’s acquisition of Broadcom Corporation has created the world’s leading diversified communications semiconductor company and marks another major milestone for us,” said Hock Tan, President and CEO of Broadcom Limited. “The combined company presents significant opportunities to further increase shareholder returns, with a much larger scale and increased exposure within our attractive end markets that we address through a number of category-leading product franchises.”

Other Quarterly Data

  Percentage of Net Revenue* Growth Rates
Net Revenue by Segment  Q1 16   Q4 15   Q1 15  Q/Q Y/Y
Enterprise Storage 38   35   29   6%  40%
Wireless Communications 32   37   40   -15%  -13%
Wired Infrastructure 22   20   21   2%  11%
Industrial & Other 8   8   10   -10%  -13%
           
* Represents percentages of non-GAAP net revenue.       
           
Key Statistics (Dollars in millions)  Q1 16   Q4 15   Q1 15     
Cash From Operations$474  $582  $481     
Depreciation$60  $58  $54     
Amortization$184  $192  $172     
Capital Expenditures $ 140     $ 106     $ 162          
Non-GAAP Days Sales Outstanding   54       50       39          
Non-GAAP Inventory Days On Hand   64       68       67          

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