Broadcom Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results and Quarterly Dividend
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Broadcom Inc. reported strong financial results for Q4 and fiscal year 2024, with a 51% increase in revenue compared to the previous year. The company also announced an 11% increase in its quarterly dividend and provided positive revenue guidance for Q1 fiscal year 2025.
December 12, 2024 | 9:30 pm
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Broadcom Inc. reported a 51% increase in Q4 revenue and an 11% increase in its quarterly dividend. The company also provided positive revenue guidance for Q1 FY2025.
The significant increase in revenue and net income, along with the dividend hike, indicates strong financial health and growth prospects for Broadcom. The positive guidance for the next quarter further supports a likely positive impact on the stock price.
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