Broadcom inc. announces first quarter fiscal year 2024 financial results and quarterly dividend

Revenue of $11,961 million for the first quarter, up 34 percent from the prior year period cash from operations of $4,815 million for the first quarter, less capital expenditures of $122 million, resulted in $4,693 million of free cash flow, or 39 percent of revenue gaap net income of $1,325 million for the first quarter; non-gaap net income of $5,254 million for the first quarter adjusted ebitda of $7,156 million for the first quarter, or 60 percent of revenue gaap diluted eps of $2.84 for the first quarter; non-gaap diluted eps of $10.99 for the first quarter quarterly common stock dividend of $5.25 per share repurchased and eliminated 7.7 million shares for $8,290 million fiscal 2024 annual revenue guidance of approximately $50.0 billion including contribution from vmware, an increase of 40 percent from the prior year period fiscal 2024 annual adjusted ebitda guidance of approximately 60 percent of projected revenue (1) palo alto, calif. , march 7, 2024 /prnewswire/ -- broadcom inc. (nasdaq: avgo), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its first quarter of fiscal year 2024, ended february 4, 2024, provided guidance for its fiscal year 2024 and announced its quarterly dividend.
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