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Broadcom’s Cash Flow Surpasses $2 Billion in Fiscal Q2 2018

Broadcom’s Cash Flow Surpasses $2 Billion in Fiscal Q2 2018

Whereas Broadcom’s (AVGO) revenue fell in fiscal Q2 2018, its profit margins improved as its mix of wide-margin data center products increased. Its wider profit margins boosted its cash flow. The company’s operating cash flow rose 36% sequentially to a record $2.3 billion, accounting for 46% of its revenue.