Broadcom Fiscal 2024 Annual Revenue Guidance Of ~$50B Including Contribution From VMware, An Increase Of 40% From The Prior Year Period
Portfolio Pulse from Benzinga Newsdesk
Broadcom announced its fiscal 2024 annual revenue guidance of approximately $50 billion, which includes contributions from VMware. This represents a 40% increase from the prior year period.
March 07, 2024 | 9:17 pm
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Broadcom's fiscal 2024 revenue guidance suggests a significant growth, largely attributed to the acquisition of VMware.
The announcement of a 40% increase in revenue guidance for fiscal 2024, driven by the acquisition of VMware, is a strong positive signal for Broadcom's future growth and profitability. This substantial growth expectation is likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term.
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