Broadcom raises interim div by over 70% after strong Q4, FY results

(Telecompaper) For the long term, Broadcom said it will continue to target annual revenue growth of 5 percent and that it will be raising its target for adjusted gross margin from greater than 60 percent to 65 percent and its adjusted operating margin from 45 percent to 47.5 percent. Broadcom will also be raising its long-term target for free cash flow from 35 percent to 40 percent of net revenue. …read more

Source:: TelecomPaper