저자: CoryJohnson · 외국인
요약 보기
브로드컴 FQ1 실적은 매출 약 119억 달러로 전년 대비 34% 증가하며 시장 예상을 상회했다. VMware 인수 효과가 본격 반영되었고, 인프라 소프트웨어 매출은 전년 대비 크게 성장했다. 온프레미스 데이터센터와 레거시 메인프레임 교체 수요가 강하며, 발표 후 주가는 가이던스가 기존과 비슷해 소폭 하락했다. VMware 성장세는 향후 둔화될 수 있다는 경고가 있었다. 연간 매출 가이던스는 약 500억 달러로 제시되었다.
다듬은 글
welcome to drill down earnings we've got the latest record results from broadcom first quarter fiscal first quarter for this company this is the business story behind One stock on a move the term group's Chief Market strategist Cory Johnson joining me here with ph's broadcom earnings very important company here in in two fields in semiconductors and in software now the stock has had a fantastic run in the last year and so when Wall Street looks at this they're looking for a miss or a beat they're not doing much they don't even want to figure out what the company actually does yeah this was a beat but we want to dig into the business here so broadcom sales up 34% year a year to 11 b960 million uh and profits of $6.49 billion now both numbers were up a lot the the big increase in revenues of course was because of their giant acquisition of VMware that took forever really thanks to the Chinese government slowing down the acquisition uh approval when it finally came through they finally get this quarter that with the VMware results were really really solid but there's some uh complexity to the VMware acquisition and I want to get to that when you look at the numbers and the growth here now their semiconductor business that's a lot of the excitement here with the notion that uh the the the broadcom semiconductors and all the companies that they've acquired over all the years are going to do well in uh the world of AI and yeah they're doing okay the semiconductor division saw 4% increase in revenues on a year-over-year basis but the infrastructure software business with the Giant layering on if you can call it that of VMware saw fantastic growth in the quarter and and it has really changed the nature of this company now when the results were announced after hours you saw uh the stock sell off a little bit really on the guidance which wasn't it was really unchanged from what they'd said uh recently $50 billion in revenue for the year so the stock was kind of flat but on the year my goodness I mean up$ 125% in a year so what do you got to complain about with the numbers that come out right after the quarter now the when the quarterly results were announced of course they have their conference call and uh at this kind of uh run rate with a VMware business you wonder where is the business coming from so the colorful uh and really fun CEO Hawk 10 who has really cobbled together this fantastic business that is called broadcom talked about how they're going into a lot of clients who want the very latest and greatest uh Data Center performance from their internal systems even from old Mainframe clients those giant machines from decades ago they're still replacing those machines and broadcom's able to come to them now with a software and semiconductor solution to give them um really powerful performance in in-house data centers uh and that kind of on premise Data Center business has been very strong for them and very strong going forward here's otim the CEO basically a lot of this customers has some very Legacy but critical main frame that's the old PL platform not growing uh except it's still vital then what they have to Mo in modernizing workloads C today and in the future is they really have a choice which they are taking both both angles of running a lot of applications in data centers on Prem distributed data centers on Prem which can handle this modernized workloads while at the same time to because of uh elastic demand to be able to also put some of these applications into public Cloud today's environment most of these customers do not have an on Prem data center that resembles what's in the cloud which is very high availability very low latency highly resilient which is one we are offering with the MW Cloud Foundation of ECF is exactly replicat what they get in a public club and they love it so it's also worth pointing out that a lot of the VMware growth that they saw in this quarter some of that they think is going to tail off hawan telling us don't get too excited about that but the numbers were really strong this quarter for VMware and we'll see what they are going forward certain they have a lot of powerful drivers for this businesses on pram data center on pram Data Center business growing and AI driving everything for broadcom including the stock all what's it all mean what's one big takeaway and what's one number that tells us a whole lot I'll have that for you right after this the drill down is brought to you by ferum group where analysts researchers advisers content creators and marketing experts help Business Leaders anticipate and understand shifts in their Industries and build strategies to leverage disruptive innovation with deep analysis futurum groups extensive industry experience delivers reliable research and data thought leadership and actionable advice to help you with your strategy and go to market efforts futurum group here's a quick drill on earnings Takeaway on the latest results from broadcom a strong quarter for this business they beat estimates whatever what means Wall Street got it wrong because the business is growing even faster than expected $1.96 billion in revenues up 34% on a year-over-year basis that's really about the acquisition of VMware which is finally in the broadcom results and I promise you one number that tells us a whole lot the drill down earnings bite that number it reflects the growth in that infrastructure software business uh VMware has had this for a long time uh broadcom had it for a long time at a much smaller level but when the two companies come together the year-over your growth was 153% that's a little more than the 7% growth last quarter 153% growth in the infrastructure soft for business this is a changed company at broadcom thanks for listening to drill on earnings I'm Cory Johnson check us out on all the socials follow me on X Cory TV drill out earnings part of 65 media
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