Broadcom Limited significantly increased its revenue, but has recorded big losses
Broadcom company Limited, formed after bought Avago Technologies Broadcom, released a report containing data on the results of the fourth quarter of fiscal 2016 and the entire year overall.
During the quarter, the manufacturer has saved $ 4.1 billion, increasing the rate annually by 125%. Operating expenses increased from 483 million to 1.79 billion dollars. The company recorded a net loss of $ 668 million against a net profit of $ 429 million last year.
If to speak about the 2016 financial year, the company’s turnover increased by 94% and amounted to 13.2 billion dollars. Operating expenses increased from 1.9 to 6.3 billion dollars. The Broadcom Limited for year ended net loss of $ 1.86 billion dollars, while in the previous year, was recorded a net profit equal to 1.36 billion dollars.
The losses associated with consequences of transactions between Avago Technologies and Broadcom, and Broadcom and Brocade Communications Systems.