The company also beat fourth-quarter revenue and profit estimates, boosted by growth in the software business that helps to manage and secure applications across mobile, cloud and mainframe platforms. Broadcom has diversified its revenue streams and ramped up its infrastructure software business through several acquisitions, the latest being a $10.7 billion (£8.34 billion) deal for Symantec Corp’s enterprise security unit, as its semiconductor business came under pressure from the prolonged U.S.-China trade war and sanctions on China’s Huawei Technologies. Semiconductor business will return to year-over-year growth in the second half of the company’s fiscal year, Chief Executive Officer …read more
Source:: Yahoo Finance
