博通Broadcom Inc. (AVGO) 2011年年度报告「NASDAQ」.pdf

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1、2011 Annual ReportYour Imagination,Our Innovation Sense Illuminate Connect$700$600$500$400$300$200$100Q1Q2Fiscal Year 2011 Financial ResultsQ3Q4Net revenueGross marginNet incomeKey Financial Data Year Ended(in millions,except per share data)Oct.30,2011Oct.31,2010Nov.1,2009Net revenue$2,336$2,093$1,4

2、84 Gross margin49.1%46.2%37.7%Income from operations 584 466 48 Net income(loss)552 415(44)Diluted earnings(loss)per share:$2.19$1.69$(0.20)Cash and cash equivalents 829 561 472 Long-term debt-230Total shareholders equity 2,006 1,505 1,040 To Our ShareholdersThe exuberant strength of the demand for

3、semiconductor components during much of fi scal year 2010 had slowed by the start of fi scal year 2011.For Avago,however,our results during fi scal year 2011 manifested from very divergent trends within the four target markets we served.Our Wireless Communications business experienced 11%year-on-yea

4、r revenue growth due to adoption of our proprietary FBAR fi lters by major handset OEMs and an increasing trend towards higher content through front-end modules in 3G smartphone platforms.During fi scal year 2011,we also benefi ted from the initial launches of 4G LTE and WiMAX handset designs that e

5、nabled us to grow content and share.In Wired Infrastructure,demand for bandwidth spurred increased spending for enterprise networking(data centers and storage)and for core routing in carriers.Our proprietary parallel fi ber optic transceivers and ASICs for routers and switches gained share among our

6、 major OEMs and benefi ted from healthy demand.In addition our innovative embedded parallel optics in next-generation supercomputers and“cloud-based”datacenter switching drove revenue growth of nearly 30%year-on-year from thistarget market.In contrast,the strength in our Industrial and Automotive re