Itâs not every day our employees look up from their computers long enough to pat themselves on the back for a job well done.
Typically, itâs pretty much ânose-to-the-grindstoneâ at Broadcom, with engineers and executives shuttling between meetings, labs and their desks, all with smartphones in hand.
This week the vibe at the Irvine headquarters was different. Broadcom employees there took a little time to gather and celebrate an important quarterly revenue milestone: a record $2B in sales during the third quarter.
More than 700 Broadcom employees poured onto the âGreat Lawnâ at the heart of the companyâs headquarters. (A little cake and free t-shirts go a long way). Under the bright So Cal sun, they posed for a historic commemorative photo to mark the occasion.
Here was the result:
Organizing the photo op was no easy feat. It involved a crane, hundreds of chairs and signs, a couple of megaphones and no less than 30 pounds of cake. ItÂ also involved a short lesson in cooperation for the many Broadcom employees who stepped away from their day jobs to participate. Did we say there was cake?
Capping off the milestone celebration, an interview with CEO Scott McGregor hit the airwaves early this morning.
McGregor appeared on CNBCâs morning news show âSquawk Boxâ to talk about what made this a great quarter for Broadcom. Host Jim Cramer and anchor Kelly Evans conducted the interview.
- Cramer said that Broadcom’s Q3 results were among “the best of all the semis.”
- McGregor highlighted the sequential growth of the Mobile & Wireless unit, which was up 14 percent.
- McGregor talks about the swelling demand for 5G WiFi as people look to a better mobile experience for Facebook surfing, downloading movies and streaming video content to their devices.
- Broadcom’s outlook for the current quarter: “We’ll be up 11 percent year over year,” McGregor said. “And I think that’s showing we’re taking share and we’re definitely growing faster than our peers.”