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Broadcom misses revenue estimates on dull enterprise spending

:Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, as weak enterprise spending and stiff competition cast a shadow on its acquisition of VMware.Shares of San Jose, California-based Broadcom, which recently closed its acquisition of the cloud computing firm, fell more than 1 p

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Broadcom misses revenue estimates on dull enterprise spending

Broadcom misses revenue estimates on dull enterprise spending
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Broadcom misses revenue estimates on dull enterprise spending

(Reuters) -Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, as weak enterprise spending and stiff competition cast a shadow on its acquisition of VMware. Shares of San Jose, California-based Broadcom, which recently closed its acquisition of the cloud computing firm, fell more than 1% in extended trading. In fiscal 2024, Broadcom expects revenue of about $50.0 billion including VMware's contribution.

United statesArsheeya bajwaJacob bourneKinngai chanMaju samuelCisco systemsChipmaker broadcomWall streetSan joseKirsten spearsSummit insights

broadcom vmware employees layoffs: Broadcom to lay off 1,300 VMware employees following takeover: report

Broadcom closed its $69 billion acquisition of VMware on November 22 after receiving regulatory approval from China.

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Chipmaker Broadcom to lay off 1,300 VMware employees following $69 billion takeover: Report

Broadcom successfully finalised its acquisition of VMware for $69 billion on November 22, post receiving regulatory approval from China.

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